The Rosen Law Firm Announces Investigation of the Acquisition of Frozen Food Express by Duff Brothers Capital – FFEX
15 Luglio 2013 - 9:54PM
Business Wire
The Rosen Law Firm is investigating the Board of Directors of
Frozen Food Express, Inc. (NASDAQ: FFEX) for possible breaches of
fiduciary duty and other violations of state law in connection with
its sale to Duff Brothers Capital Corp.
If you would like to join the action please email or call
Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposal, offered by Duff Capital
Brothers, wholly owned by Thomas and James Duff who also indirectly
own KLLM Transport Services, LLC, shareholders will receive $2.10
for each share of Frozen Food Express stock they own in a tender
offer. In March, 2013, the Duffs announced it had acquired
approximately 5.84% of the outstanding shares of common stock of
Frozen Food Express. In connection with this proposal, Frozen Food
Express's Chairman of the Board, Stoney M. Stubbs, Jr., President
and CEO, Russell Stubbs, and Executive Vice President and Chief
Operating Officer, John Hickerson, who collectively own
approximately 12.8% of the outstanding shares of Frozen Food
Express, have each agreed to tender their shares of common stock
into the tender offer.
The investigation relates to whether the price of $2.10 per
share is fair to public shareholders and whether Frozen Food
Express’s Board breached its fiduciary duties in connection with
the proposal.
If you own Frozen Food Express common stock and wish to obtain
additional information, you may contact Phillip Kim or Kevin Chan
of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Phillip Kim, Esq.Laurence Rosen, Esq.Kevin ChanThe Rosen Law
Firm P.A.275 Madison Avenue 34th FloorNew York, New York 10016Tel:
(212) 686-1060Weekends Tel: (917) 562-8616Toll Free:
1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comlrosen@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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