Robbins Umeda LLP Is Investigating Volcom, Inc. Acquisition for Shareholders
03 Maggio 2011 - 12:18AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Volcom, Inc. (NASDAQ: VLCM).
The firm has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by members of the
board of directors of Volcom in connection with their efforts to
sell Volcom to PPR (FR 0000121485, PRTP.PA, PPFP).
If you own stock in Volcom and would like more information about
your shareholder rights, please contact Gregory E. Del Gaizo at
800-350-6003 or via the shareholder information form on our
website.
On May 2, 2011, PPR and Volcom announced that they have signed a
definitive merger agreement under which a new wholly owned
subsidiary of PRR will make a cash tender offer to acquire all
outstanding shares of Volcom for $24.50 per share. The transaction
is expected to be completed in the third quarter of 2011.
The investigation focuses on whether Volcom's board is
undertaking a fair process to obtain maximum value for its
shareholders. On February 24, 2011, Volcom reported fourth quarter
2010 results that beat analysts' estimates. Moreover, two analysts
have a price target of $25.00 for Volcom. Of particular interest,
certain Volcom directors and officers, who collectively own 14.4%
of the outstanding shares, have agreed to tender all of their
shares in the tender offer.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/cephalon-inc/
Attorney Advertising. Past results do not guarantee a similar
outcome.
Grafico Azioni Volcom (NASDAQ:VLCM)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Volcom (NASDAQ:VLCM)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Valcom (MM) (NASDAQ): 0 articoli recenti
Più Robbins Umeda LLP Articoli Notizie