NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Smurfit-Stone Container Corporation (NYSE: SSCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RockTenn (NYSE: RKT). Under the terms of the transaction, Smurfit-Stone shareholders will receive 0.30605 shares of RockTenn common stock and $17.50 in cash, for an aggregate value of $35 per Smurfit-Stone common stock. The transaction has a total value of approximately $3.5 million.
The investigation concerns whether the Smurfit-Stone Board of Directors breached their fiduciary duties to Smurfit-Stone stockholders by failing to adequately shop the Company before entering into this transaction and whether RockTenn is underpaying for Smurfit-Stone shares.
If you own common stock in Smurfit-Stone 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/smurfit-stone.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.