House & Home
House and HomeHouse and Home 
Mon, September 20, 2010
Sun, September 19, 2010
Fri, September 17, 2010
Law Office of Brodsky & Smith, LLC Announces Investigation of Cellu Tissue Holdings, Inc.
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cellu Tissue Holdings, Inc. (aCellua or the aCompanya) (NYSE:CLU) relating to the proposed acquisition by Clearwater Paper Corporation.
Under the terms of the offer, Cellu shareholders would receive cash of $12.00 for each share of Cellu stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Cellu stock was trading at $10.94 a share as recently as April 23, 2010 and was trading at $11.90 a share on January 22, 2010.
If you own shares of Cellu 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.