AIPC American Italian Pasta (MM)

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of American Italian Pasta Corporation ("AIPC" or the "Company") (NASDAQ: AIPC) in connection with their actions in causing AIPC to enter into a definitive merger agreement to be acquired by Ralcorp Holdings, Inc. ("Ralcorp") (NYSE: RAH). If the transaction is completed, AIPC shareholders will receive $53.00 in cash for each share of AIPC common stock they hold. The transaction is expected to close during Ralcorp's fourth fiscal quarter ending September 30, 2010 and is subject to customary closing conditions and regulatory approvals, as well as a majority of the outstanding shares of AIPC common stock being validly tendered and not withdrawn in the tender offer.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of AIPC undertook a fair process to obtain fair consideration for all shareholders of AIPC. Specifically, our investigation concerns whether the Company's Board of Directors breached their fiduciary duties to AIPC shareholders by failing to adequately shop the Company before entering into the transaction with Ralcorp. Notably, at least one analyst has set a price target of $60.00 per share, $7 above the amount offered by Ralcorp and accepted by AIPC's Board of Directors.

If you are a shareholder of AIPC, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

Grafico Azioni American Italian Pasta (MM) (NASDAQ:AIPC)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni American Italian Pasta (MM) (NASDAQ:AIPC)
Storico
Da Giu 2023 a Giu 2024