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Robbins Umeda LLP Is Investigating Timberland Company

  //house-home.news-articles.net/content/2011/06/1 .. eda-llp-is-investigating-timberland-company.html
  Published in House and Home on Monday, June 13th 2011 at 17:40 GMT by Market Wire
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SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP, a [ shareholder rights litigation ] firm, is interested in helping shareholders of the Timberland Company ("Timberland") (NASDAQ: TBL). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Timberland in connection with their efforts to sell the company to VF Corporation. (NASDAQ: VFC).

If you own stock in Timberland and would like more information about your [ shareholder rights ], please contact Gregory E. Del Gaizo at 800-350-6003 or via the [ shareholder information form ] on our website.

On June 13, 2011, VF Corporation signed a definitive agreement to purchase Timberland. Under the terms of the agreement, VF Corporation will acquire Timberland for $43.00 per share, in a transaction valued at approximately $2 billion. The transaction is expected to close in the third quarter 2011.

The investigation focuses on whether Timberland's board is undertaking a fair process to obtain maximum value and adequately compensate its shareholders, particularly in light of the company's recent trading price. In April and May 2011, the company's stock traded over the offer price on multiple occasions, rising as high as $45.72, and closing at $45.30 on April 28, 2011, and trading as high as $43.57 as recently as May 3, 2011.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].

Press release link: [ http://www.robbinsumeda.com/shareholders-rights-blog/the-timberland-company/ ]

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