PRLog - Dec. 3, 2012 - SAN DIEGO -- A current investor in shares of Cascade Corporation (NYSE:CASC) filed a lawsuit in effort to block the proposed buyout of Cascade Corporation at $65 per NYSE:CASC share.
Investors who purchased shares of the Cascade Corporation (NYSE:CASC) prior to October 22, 2012, and currently hold any of those NYSE:CASC shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:CASC investors arising out of the attempt to sell the company too cheaply to Toyota Industries.
On October 22, 2012, Toyota Industries Corporation and Cascade Corporation announced that they have entered into a definitive agreement under which Toyota Industries Corporation will acquire 100 percent of the shares of Cascade for $65 per share in cash in a transaction valued at $759 million pursuant to a tender offer.
However, the plaintiff claims that the $65offer is unfair to NYSE:CASC stockholder and undervalues the company. Indeed, Cascade Corporation’
In addition, so the plaintiff, the process is also unfair to NYSE:CASC investors. In fact Cascade’
Those who are current investors in Cascade Corporation (NYSE:CASC) and purchased their Cascade Corp. shares prior to the announcement, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.