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Investigation of Acquisition of Pactiv Corp. by Tripp Levy PLLC

  //house-home.news-articles.net/content/2010/08/1 .. quisition-of-pactiv-corp-by-tripp-levy-pllc.html
  Published in House and Home on Tuesday, August 17th 2010 at 10:10 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC announces an investigation into the proposed acquisition of Pactiv Corp. (NYSE: PTV). On August 17, 2010, Pactiv announced it has entered into an agreement to be acquired by Reynolds Group Holdings Limited in a transaction valued at approximately $6 billion. Under the terms of the agreement, Pactiv shareholders will receive $33.25 in cash for each share of Pactiv common stock held.

The investigation concerns, among other things, whether the consideration to be paid to Pactiv shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Pactiv. Indeed, analysts have projected that the companya™s inherent value is approx. $35 per share. The investigation further concerns whether the directors of Pactiv may have breached their fiduciary duties by not acting in Pactiv shareholders' best interests in connection with the sale process of Pactiv.

If you own Pactiv common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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