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SSCC Smurfit-Stone Container Corp. Common Stock

41.25
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Smurfit-Stone Container Corp. - SSCC

26/01/2011 6:24pm

Business Wire


Smurfit-Stone Container Corp. Common Stock (NYSE:SSCC)
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Smurfit-Stone Container Corp. (“Smurfit” or the “Company”) (NYSE: SSCC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Rock-Tenn Company (“Rock-Tenn”) (NYSE: RKT) for an estimated $3.5 billion in cash and stock. The proposed 50% cash and 50% stock transaction offers Smurfit shareholders to only receive $17.50 in cash plus 0.30605 share of Rock-Tenn for each share of Smurfit, an aggregate value of approximately $35 per share of Smurfit common stock.

Request more information now by clicking here: www.faruqilaw.com/SSCC

Whether the Smurfit’s Board of Directors breached their fiduciary duties to Smurfit’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Smurfit’s shares and by how much this proposed transaction undervalues the Company to the detriment of Smurfit shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Smurfit and wish to obtain additional information, please visit us at www.faruqilaw.com/SSCC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

1 Year Smurfit-Stone Container Corp. Common Stock Chart

1 Year Smurfit-Stone Container Corp. Common Stock Chart

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1 Month Smurfit-Stone Container Corp. Common Stock Chart

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