M & F Worldwide Corporation Merger Litigation (NYSE: MFW)
Law Office of Brodsky & Smith, LLC Announces Investigation of M & F Worldwide Corporation
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of M&F Worldwide Corporation (“M&F” or the “Company”) (NYSE – MFW - News) relating to the proposed acquisition by a subsidiary of MacAndrews & Forbes Holdings, Inc. (“MacAndrews”).
Under the terms of the transaction, M&F shareholders would receive $24.00 in cash for each share of M&F stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of M&F by not acting in M&F shareholders' best interests in connection with the sale process to MacAndrews. The transaction may undervalue M&F as M&F stock traded at $26.38 as recently as April 8, 2011 and traded at $29.20 on July 26, 2010. In addition, MacAndrews currently owns 43% of M&F.
If you own shares of M&F stock 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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