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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Smurfit-Stone Container Corp. Common Stock | NYSE:SSCC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.25 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Smurfit-Stone Container Corporation (NYSE: SSCC) (referred to as "Smurfit-Stone" or the “Company”) by Rock-Tenn Company (“Rock-Tenn”) in a stock and cash transaction valued at approximately $3.5 billion consisting of approximately $1.8 billion of cash and the issuance of 30.9 million shares of Rock-Tenn common stock.
Under the terms of the definitive agreement, which has been approved by both companies' boards of directors, Smurfit-Stone shareholders will be entitled to receive 0.30605 shares of Rock-Tenn common stock and $17.50 in cash. The aggregate consideration, consisting of 50% cash and 50% RockTenn stock, is valued at $35 per-share of Smurfit-Stone common stock. Following the acquisition, Rock-Tenn shareholders will own approximately 56% and Smurfit-Stone shareholders will own 44% of the combined company.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of Smurfit-Stone stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Smurfit-Stone and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Smurfit-Stone.
Bull & Lifshitz, LLP is a New York City-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 visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
1 Year Smurfit-Stone Container Corp. Common Stock Chart |
1 Month Smurfit-Stone Container Corp. Common Stock Chart |
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