Law Office of Brodsky & Smith, LLC Announces Investigation of Sealy Corporation
06 Octobre 2012 - 6:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Sealy Corporation (“Sealy” or the “Company”) (NYSE: ZZ) relating to
the proposed acquisition by Tempur-Pedic International, Inc.
(“Tempur-Pedic”).
Under the terms of the transaction, Sealy shareholders will
receive only $2.20 in cash for each share of Sealy stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Sealy
for not acting in the Company’s shareholders' best interests in
connection with the sale process to Tempur-Pedic. The transaction
may undervalue the Company as the transaction represents little or
no premium for Sealy shareholders. For example Sealy stock traded
at $2.32 as recently as April 17, 2012 and traded at $2.97 on April
28, 2011.
If you own shares of Sealy stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/481-zz-sealy-corporation.html, by calling
toll free 877-LEGAL-90.
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