BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of RTI International Metals, Inc. ("RTI” or "the Company") (NYSE: RTI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Alcoa, Inc. (“Alcoa”).
Click here to learn more about the investigation http://brodsky-smith.com/901-rti-rti-international-metals-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under terms of the transaction, RTI shareholders would receive 2.8315 shares of Alcoa common stock for each share of RTI stock they own. The investigation concerns whether the Board of RTI breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Alcoa is underpaying for RTI. The transaction may undervalue RTI given that RTI makes titanium and other specialty metals which are increasingly being used in such products as newer, high-tech wide body jetliners to reduce weight and boost fuel efficiency. In addition, as the compensation that RTI shareholders will receive is entirely in Alcoa stock, the transaction may expose RTI shareholders to increased market volatility. For example, Alcoa stock decreased 7% following the announcement of the transaction.
If you own shares of RTI common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/901-rti-rti-international-metals-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.