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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Trunkbow International Holdings Ltd. (MM) | NASDAQ:TBOW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.45 | 0 | 01:00:00 |
From Jun 2019 to Jun 2024
NEW YORK, Dec. 11, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Trunkbow International Holdings Limited ("Trunkbow" or the "Company") (NASDAQ: TBOW) (ISIN: US89818A1025) (CUSIP: 89818A1025) concerning the proposed acquisition of Trunkbow by Trunkbow Merger Group Limited, a business company wholly owned by Wanchun Hou, chairman of the Trunkbow board of directors, and Qiang Li, Trunkbow's chief executive officer and a director.
The investigation concerns whether the Trunkbow directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Trunkbow shareholders will receive $1.46 per share in cash for each share of Trunkbow common stock. However, the Price to Book Value multiple is below the averages of comparable transactions.
Trunkbow shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
CONTACT:
Robert Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Copyright 2013 PR Newswire
1 Year Trunkbow International Holdings Ltd. (MM) Chart |
1 Month Trunkbow International Holdings Ltd. (MM) Chart |
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