Temple-Inland, Inc. Merger Litigation (NYSE: TIN)
Law Office of Brodsky & Smith, LLC Announces Investigation of Temple-Inland, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Temple-Inland, Inc. (“Temple-Inland” or the “Company”) (NYSE - TIN- News) relating to the proposed acquisition by International Paper Company, Inc (NYSE – IP).
Under the terms of the transaction Temple-Inland shareholders would receive $32.00 cash for each share Temple-Inland stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Temple-Inland for not acting in the Company’s shareholders' best interests in connection with the sale process to International Paper Company. The transaction may undervalue Temple-Inland as Temple-Inland stock traded at $31.43 as recently as July 15, 2011 and an analyst has set a price target of $37.00 a share for the Company.
If you own shares of Temple-Inland 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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