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Kendall Law Group Investigates Smurfit-Stone Container Corporation Acquisition for Shareholders

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  Published in House and Home on Monday, January 24th 2011 at 6:35 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Smurfit-Stone Container Corporation (NYSE: SSCC) for shareholders in connection with the proposed acquisition by RockTenn. The national securities firma™s investigation seeks to determine whether Smurfit-Stone and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Smurfit-Stone shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On January 24, 2011, the companies announced the definitive merger agreement under which Smurfit-Stone would be acquired by RockTenn, in a transaction valued at approximately $3.5 billion. Under the terms of the agreement, Smurfit-Stone stockholders will receive 50% cash and 50% RockTenn (NYSE: RKT) stock valued at $35 per-share of for each share of Smurfit-Stone/SSCC common stock held. The offer represents a 27% premium to Smurfit-Stone's $27.53 closing stock price on January 21, 2011. The firm seeks to determine whether the transaction is in the best interest of Smurfit-Stone shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.