Buyout of SeaCube - Law Firm Seeks Higher Price for Shareholders
NEW YORK, Jan. 22, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of SeaCube Container Leasing on behalf of shareholders. Ontario Teachers' Pension Plan announced that it will buy SeaCube Container Leasing Ltd (BOX.N) for about $467 million. Under the terms of the agreement, SeaCube shareholders will receive $23 for each share.
The lawsuit on behalf of shareholders seeks to determine whether the SeaCube board of directors and management breached their fiduciary duties by not obtaining the highest price possible for shareholders through a full and fair auction while not obtaining personal benefits for themselves in selling the company at this price. Indeed, management for SeaCube will remain in place and analysts have projected the true value of the company is in excess of at least $24 per share.
If you are a shareholder of SeaCube and would like additional information regarding this lawsuit and as to how you can join with other shareholders at no cost in obtaining a higher price for your shares, please contact us toll free at 877-772-3975 or email at email@example.com
SOURCE Tripp Levy PLLC
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