NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Spartech Corporation (“Spartech” or the “Company”) (NYSE: SEH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to PolyOne Corporation (NYSE: POL).
Click here to learn more about the investigation: http://zlk.9nl.com/spartech-seh, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Spartech shareholders will receive $2.67 in cash and 0.3167 shares of PolyOne common stock for each share of Spartech stock they own, representing an approximate value of $8.00 per share. The transaction has a total approximate value of $393 million, including the assumption of debt. The investigation concerns whether the Spartech Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether PolyOne Corporation is underpaying for Spartech shares, thus unlawfully harming Spartech stockholders.
If you own common stock in Spartech and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/spartech-seh.
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