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Tue, September 28, 2010
Mon, September 27, 2010
Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Alberto-Culver Company
BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Alberto-Culver Company ("Alberto-Culver" or the "Company") (NYSE: ACV) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Unilever. Under the terms of the proposed transaction, Alberto-Culver shareholders are to receive $37.50 in cash for each share of Alberto-Culver common stock they own for a total transaction value of approximately $3.7 billion.
The investigation involves whether the Board of Directors of Alberto-Culver breached their fiduciary duties to Alberto-Culver stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Alberto-Culver has disclosed all material information to shareholders about the proposed transaction. Specifically, in July, the Company announced strong financial results, with a 69% increase in profits and a 19% increase in revenues.
If you own stock in Alberto-Culver and wish to obtain additional information, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
| Jonathan M. Stein, Esq. |
| Law Office of Jonathan M. Stein, P.L. |
| 120 E. Palmetto Park Rd., Suite 420 |
| Boca Raton, FL 33432 |
| (561) 961-2244 |