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CLU Cellu Tissue Holdings USD0.01

11.99
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cellu Tissue Holdings USD0.01 NYSE:CLU NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.99 0.00 00:00:00

Law Office of Brodsky & Smith, LLC Announces Investigation of Cellu Tissue Holdings, Inc.

17/09/2010 10:32pm

Business Wire


Canada Life (NYSE:CLU)
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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cellu Tissue Holdings, Inc. (“Cellu” or the “Company”) (NYSE:CLU) relating to the proposed acquisition by Clearwater Paper Corporation.

Under the terms of the offer, Cellu shareholders would receive cash of $12.00 for each share of Cellu stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Cellu stock was trading at $10.94 a share as recently as April 23, 2010 and was trading at $11.90 a share on January 22, 2010.

If you own shares of Cellu and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

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