NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of White River Capital, Inc. ("White River" or the "Company") (NYSE MKT: RVR) concerning the proposed acquisition of the Company by Parthenon Capital Partners ("Parthenon") in a transaction valued at approximately $79.5 million.
On November 20, 2012, it was announced that White River and Parthenon have entered into a definitive agreement pursuant to which Parthenon will acquire White River. Under the terms of the transaction, White River shareholders will receive $21.93 in cash per share held. White River stock has consistently closed above the offer price since at least March 2012 and closed above $22.00 per share as recently as November 9, 2012.
Our investigation concerns whether the White River board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own White River shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP