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Follow on Google News | Temple-Inland, Inc. Investor Investigation in connection with Takeover Offer by International PaperAn investigation on behalf of investors of Temple-Inland, Inc. in connection with takeover offer by International Paper was announced and NYSE-TIN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
If you are a current investor in Temple-Inland, Inc. shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm monitors the situation and concerns whether Temple-Inland, certain of its officers and directors, and/or others including but not limited to International Paper breached their fiduciary duties owed to Temple-Inland, Inc. investors in connection with the takeover offer by International Paper. On June 6, 2011, International Paper announced that it proposed to acquire all of the outstanding shares of Temple-Inland for $30.60 per share in cash. International Paper said the offer represents a 44% premium to Temple-Inland's price as of noon EDT, June 6th, 2011 ($21.21) The same day Temple-Inland, Inc. announced that its Board of Directors voted unanimously to reject International Paper’s proposal. On June 7, 2011 NYSE- TIN stock jumped from $21.01 per share the day earlier to $29.49 per share. Since then NYSE TIN stock rose to as high as $30.33 per share. Temple-Inland performance increased recently. Temple-Inland’ Shares of Temple Inland, Inc. (Public, NYSE-TIN) grew over the past two years significantly. NYSE TIN stock rose from as low as $2.52 in March 2009 to over $25 per share in February 2011. Therefore the investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of Temple-Inland . The investigation focuses whether the Temple-Inland board of directors will undertake an adequate and fair sales process to obtain fair consideration for all shareholders of Temple-Inland, Inc. and will breach their fiduciary duties to Temple-Inland (TIN) shareholder by failing to adequately shop the Company before entering into any transaction. In addition the investigation seeks also to determine if any officer, director or any insiders violated any laws. The investigation concerns also whether the acquirer would underpay for NYSE-TIN shares, thus unlawfully harming Temple Inland, Inc. (TIN) investors. A potential class action lawsuit would seek to maximize the amount of money and information NYSE-TIN shareholders would receive in a buyout, so the law firm. Those who are current investors in Temple-Inland, Inc. (Public, NYSE-TIN) common shares, and/or those who have any information relating the investigation, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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