NEW YORK--(BUSINESS WIRE)--Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of White River Capital, Inc. (“White River” or the “Company”) (NYSE: RVR) (ISIN: US96445P1057) concerning the proposed acquisition of White River by Parthenon Capital Partners in a transaction valued at approximately $79.5 million.
The investigation concerns whether the White River directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, White River shareholders would receive $21.93 in cash for each share of White River common stock. However, the stock traded at $23.00 just two weeks ago.
White River shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.