Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Todd Shipyards Corporation

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Todd Shipyards Corporation (NYSE: TOD - News) (referred to as "Todd" or the “Company”) by Vigor Industrial LLC (“Vigor”) in an all cash tender offer valued at approximately $130 million.

Under the terms of the agreement, Vigor will offer to purchase all outstanding shares of Todd’s common stock for $22.27 in cash per share. The tender offer is scheduled to commence no later than December 30, 2010, and will expire on January 28, 2011, unless extended.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of Todd stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Todd and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Todd.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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