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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of RC2 Corporation, in Connection with the Pro

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  Published in House and Home on Friday, March 11th 2011 at 16:55 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 RC2 Corporation (aRC2a or the aCompanya) (NASDAQ:RCRC) related to the Companya™s agreement to be acquired by Japan-based Tomy Company, Ltd. (aTomya). The proposed transaction is valued at approximately $640 million.

Under the terms of the agreement entered into by the parties, Tomy, through a U.S. subsidiary, will acquire all outstanding shares of RC2 common stock for $27.90 per share. The transaction is structured as an all-cash tender offer and second-step merger. The tender offer is scheduled to commence within 10 business days of March 11, 2011, and is expected to close during 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 RC2a™s board of directors.

If you are a shareholder of RC2, 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 ].