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Tripp Levy PLLC Announces That a Shareholder Complaint Has Been Filed in Connection with the Buyout of Smurfit-Stone

  //house-home.news-articles.net/content/2011/02/0 .. connection-with-the-buyout-of-smurfit-stone.html
  Published in House and Home on Tuesday, February 8th 2011 at 3:40 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces that a lawsuit has been filed on behalf of shareholders of Smurfit-Stone Container Corporation (aSmurfit-Stonea or the aCompanya) (NYSE: SSCC) in connection with the proposed sale of the Company to RockTenn Co. (NYSE: RKT). Under the terms of the transaction, Smurfit-Stone shareholders will receive 0.30605 shares of RockTenn common stock and $17.50 in cash, for an aggregate value of $35 per Smurfit-Stone common stock.

The lawsuit alleges, among other things, that the consideration to be paid to Smurfit-Stone shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Smurfit-Stone. Indeed, shareholders representing approx. 9% of the Companya™s shares have announced their displeasure with the deal and intent to vote against the proposed merger. The investigation further concerns whether the directors of Smurfit-Stone may not be acting in the Companya™s shareholders' best interests in connection with the proposed transaction.

If you own Smurfit-Stone 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.