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Mon, September 19, 2011Fri, September 16, 2011Thu, September 15, 2011Wed, September 14, 2011Tue, September 13, 2011Mon, September 12, 2011Sat, September 10, 2011Fri, September 9, 2011Thu, September 8, 2011Wed, September 7, 2011Robbins Umeda LLP Announces an Investigation of Ralcorp Holdings,;; Inc.
//house-home.news-articles.net/content/2011/09/1 .. estigation-of-ralcorp-holdings-44-59-59-inc.html
Published in House and Home on Tuesday, September 13th 2011 at 14:56 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP, a [ shareholder rights litigation ] 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 Ralcorp Holdings, Inc. (NYSE: RAH) in connection with its rejection of ConAgra Food Inc.'s most recent unsolicited $5.18 billion takeover bid. Under the terms of the proposed transaction, Ralcorp shareholders would have received $94.00 per share in cash.
Robbins Umeda LLP's investigation focuses on whether members of Ralcorp's board are acting in the best interests of shareholders by refusing to enter into negotiations with ConAgra Food and rejecting its proposal. In a recent press release issued by the company, the Chairman of Ralcorp's board, William P. Stiritz, reported that the ConAgra Food proposal was rejected by the board in favor of the board's previously approved decision to separate Post Foods and Ralcorp into two publicly-traded entities. On August 12, 2011, the day Ralcorp rejected the ConAgra offer, Ralcorp stock closed at $79.02, almost $15.00 below ConAgra's proposed purchase price.
If you own stock in Ralcorp and would like more information about your [ shareholder rights ], please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the [ shareholder information form ] on the firm's website.
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/ralcorp-holdings-inc/ ]
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