SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Spartech Co
31 Décembre 2012 - 6:47PM
Levi & Korsinsky notifies investors of Spartech Corporation
("Spartech" or the "Company") (NYSE:SEH) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to PolyOne Corporation (NYSE:POL). A complaint was filed in
Delaware state court.
Click here to learn more about the investigation:
http://zlk.9nl.com/spartech-seh, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Spartech shareholders will
receive $2.67 in cash and 0.3167 shares of PolyOne common stock for
each share of Spartech stock they own, representing an approximate
value of $8.00 per share. The transaction has a total approximate
value of $393 million, including the assumption of debt. The claims
concern whether the Spartech Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether PolyOne
Corporation is underpaying for Spartech shares, thus unlawfully
harming Spartech stockholders.
If you own common stock in Spartech 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/spartech-seh.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has 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.
CONTACT: 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: (212) 363-7171
www.zlk.com
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