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Mon, March 21, 2011Sat, March 19, 2011Fri, March 18, 2011Thu, March 17, 2011Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of RC2 Corporat
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Published in House and Home on Monday, March 14th 2011 at 8:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of RC2 Corporation (Nasdaq: RCRC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tomy Company, Ltd. (Tokyo Stock Exchange, First Section: 7867). Under the terms of the proposed transaction, RC2 shareholders will receive $27.90 per share for a total transaction value of approximately $640 million.
The investigation concerns whether the RC2 Board of Directors breached their fiduciary duties to RC2 stockholders by failing to adequately shop the Company before entering into this transaction and whether Tomy is underpaying for RC2 shares. According to Yahoo! Finance, at least one analyst set a price target of $29.00 per share of RC2 stock.
If you own common stock in RC2 and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/rc2-rcrc.html ].
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.