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Published in House and Home on Friday, March 11th 2011 at 12:41 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of RC2 Corporation (aRC2 Corp.a or aRCRCa) (NASDAQ:RCRC) related to the proposed buyout of RC2 Corp. by the TOMY Company. The definitive merger agreement, which was announced on March 10, 2011, involves a transaction valued at approximately $640 million. Under the proposed buyout, RC2 Corp. shareholders will receive $27.90 for each share of RC2 Corp. stock they hold. However, according to Thompson/First Call, analysts have set a price target as high as $29.00 per share for RC2 Corp. stock.
The investigation relates to the fairness of the proposed transaction to RC2 shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of RC2 for approving this transaction, and whether RC2a™s Board of Directors acted in the shareholdersa™ best interests. In addition, the firms seek to determine whether RC2a™s Board of Directors obtained the best value for shareholders, adequately considered all viable alternatives, and properly shopped the company before entering into the acquisition agreement.
If you currently own shares of RC2 Corp./RCRC and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free 877-728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free 877-397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
