House & Home
Wed, July 6, 2011Tue, July 5, 2011Mon, July 4, 2011Sat, July 2, 2011Fri, July 1, 2011Thu, June 30, 2011Wed, June 29, 2011Tue, June 28, 2011Mon, June 27, 2011Sun, June 26, 2011Fri, June 24, 2011Thu, June 23, 2011Wed, June 22, 2011Tue, June 21, 2011Mon, June 20, 2011Sun, June 19, 2011Sat, June 18, 2011Fri, June 17, 2011Thu, June 16, 2011Wed, June 15, 2011Tue, June 14, 2011Mon, June 13, 2011Sat, June 11, 2011Fri, June 10, 2011Thu, June 9, 2011Wed, June 8, 2011Tue, June 7, 2011Mon, June 6, 2011Sun, June 5, 2011Fri, June 3, 2011Thu, June 2, 2011Wed, June 1, 2011Tue, May 31, 2011Mon, May 30, 2011Sat, May 28, 2011Fri, May 27, 2011Thu, May 26, 2011Wed, May 25, 2011Tue, May 24, 2011Mon, May 23, 2011Fri, May 20, 2011Thu, May 19, 2011Wed, May 18, 2011Tue, May 17, 2011Mon, May 16, 2011Sun, May 15, 2011Sat, May 14, 2011Fri, May 13, 2011The Law Firm of Levi & Korsinsky, LLP Announces Investigation of The Timberland Company -- TBL
//house-home.news-articles.net/content/2011/06/1 .. investigation-of-the-timberland-company-tbl.html
Published in House and Home on Monday, June 13th 2011 at 9:25 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of The Timberland Company (aTimberlanda or the aCompanya) (NYSE: TBL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to VF Corporation (NYSE: VFC). Under the terms of the agreement, Timberland shareholders will receive $43 per share of Timberland stock they own, for a total transaction of approximately $2 billion.
Click here to learn how to join the action: [ http://www.zlk.com/timberland-company-tbl.html ], or call: 877-363-5972.
The investigation concerns whether the Timberland Board of Directors breached their fiduciary duties to Timberland stockholders and whether VF Corporation is underpaying for Timberland shares, thus unlawfully harming Timberland stockholders. The investigation is focused on the timing of the proposed transaction, and whether VF Corporation is taking advantage of the temporary decline in the Company's stock price to cash out shareholders at an unfair price. In the last month, Timberland shares fell the most in more than 23 years after increasing costs for labor, materials and transportation ate into profit, causing shares to fall from about $45 per share. The proposed deal price of $43 per share therefore represents no premium, but in fact a discount, to Timberland's recent trading price.
If you own common stock in Timberland and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/timberland-company-tbl.html ].
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
