NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Volcom, Inc. (Nasdaq: VLCM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of PPR SA. According to the proposed deal, Volcom shareholders will receive $24.50 per share for a transaction having a total value of approximately $516 million.
The investigation concerns whether the Volcom Board of Directors breached their fiduciary duties to Volcom stockholders by failing to adequately shop the Company before entering into this transaction and whether PPR SA is underpaying for Volcom shares. According to Thomson/First Call, at least one analyst placed a price target for Volcom stock at $25 per share.
If you own common stock in Volcom and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/volcom.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.