NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Todd Shipyards Corporation (“Todd” or the “Company”) (NYSE: TOD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vigor Industrial LLC (“Vigor”). Under the terms of the transaction, Todd shareholders will receive $22.27 per share in cash for a total transaction value of approximately $130 million.
The investigation concerns whether the Todd Board of Directors breached their fiduciary duties to Todd stockholders by failing to adequately shop the Company before entering into this transaction and whether Vigor is underpaying for Todd shares, thus unlawfully harming Todd stockholders.
If you own common stock in Todd and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/toddshipyards.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.