STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Taminco Corp. (“Taminco” or the “Company”) (NYSE: TAM) relating to the proposed buyout of the Company by Eastman Chemical Company (“Eastman Chemical”).
On September 11, 2014, Taminco announced the signing of a definitive merger agreement pursuant to which Eastman Chemical will acquire Taminco in a transaction valued at approximately $2.8 billion. The transaction is expected to close in the fourth quarter of 2014.
Under the terms of the transaction, Taminco shareholders will receive $26.00 for each share of Taminco common stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Eastman Chemical is underpaying for Taminco shares. In particular, at least one analyst has issued a price target for Taminco stock at $27.00 per share.
If you currently own common stock of Taminco and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.