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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of American Italian Pasta Company

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  Published in House and Home on Monday, June 21st 2010 at 18:41 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of American Italian Pasta Company (aAIPCa or the aCompanya) (NASDAQ:AIPC) related to the Companya™s agreement to be acquired by Ralcorp Holdings, Inc. (aRalcorpa). The proposed cash transaction is valued at approximately $1.2 billion.

Under the terms of the definitive merger agreement entered into by the parties, Ralcorp will commence a tender offer to acquire all of the outstanding shares of AIPC common stock for $53.00 per share in cash. After the closing of the proposed transaction, AIPC will become a wholly-owned subsidiary of Ralcorp. The transaction is expected to close during Ralcorpa™s fourth fiscal quarter ending September 30, 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by AIPCa™s board of directors.

If you own shares of American Italian Pasta Company, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].