NEW YORK, Dec. 23, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Tufco
Technologies, Inc. ("Tufco" or "the Company") (NasdaqCM: TFCO) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Griffin Holdings,
LLC.
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Click here to learn more about the action
http://zlk.9nl.com/tufco-technologies-tfco/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Tufco shareholders will receive
$6.07 in cash for each share of Tufco
stock they own. Tufco's largest shareholder, Bradford Venture
Partners, LP, has already agreed to tender its shares, representing
approximately 14.9% of Tufco's outstanding shares. The
investigation concerns whether the Tufco Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Griffin Holdings, LLC is underpaying for
Tufco shares. In particular Tufco has a reported book value of
$8.70 per share, for the most recent
quarter.
If you own Tufco common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/tufco-technologies-tfco/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP