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Harwood Feffer LLP Announces Investigation of Volcom Inc.

  //house-home.news-articles.net/content/2011/05/0 .. r-llp-announces-investigation-of-volcom-inc.html
  Published in House and Home on Monday, May 2nd 2011 at 13:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Volcom, Inc. ("Volcom" or the "Company") (Nasdaq: VLCM) concerning the Companya™s acceptance of a definitive agreement to be acquired by PPR SA (aPPRa) in a transaction valued at approximately $516.1 million.

On May 2, 2011, Volcom announced that PPR, the French company who owns Gucci and Puma, agreed to pay $24.50 per share for each outstanding share of Volcom. The offer is reported to be a 24% premium over the trading price of Volcom stock. However, the proposed transaction offers no change of control premium over the trading price of Volcom at various times over the past year. Our investigation concerns the Volcom board of directorsa™ process for consideration of the proposed transaction.

If you own units of Volcom and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Matthew Houston at [ mhouston@hfesq.com ] or Craig Lowther at [ clowther@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.