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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Smurfit-Stone Container Corporation, in Con

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  Published in House and Home on Tuesday, January 25th 2011 at 16:35 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 Smurfit-Stone Container Corporation (aSmurfit-Stonea or the aCompanya) (NYSE:SSCC) related to the Companya™s agreement to be acquired by RockTenn Company (aRockTenna). The proposed transaction a" 50% stock and 50% cash a" is valued at approximately $3.5 billion.

Under the terms of the definitive agreement entered into by the parties, Smurfit-Stone stockholders will be entitled to receive 0.30605 shares of RockTenn common stock and $17.50 in cash, for each share they own of Smurfit-Stone common stock. The proposed transaction values Smurfit-Stone common stock at $35.00 per share. If the proposed transaction is completed, Smurfit-Stone will become a wholly owned subsidiary of RockTenn. The transaction is expected to be completed in the second quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Smurfit-Stonea™s board of directors.

If you are a shareholder of Smurfit-Stone, 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 ].