INVESTER ALERT - TAMINCO CORP. MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of Taminco Corp.
NEW YORK, Sept. 12, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of Taminco Corp. ("Taminco" or the "Company") (NYSE: TAM), concerning the proposed acquisition of Taminco by Eastman Chemical Company ("Eastman"). Shareholders of Taminco seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or [email protected].
Under the terms of the definitive merger agreement, Eastman will acquire all of the outstanding common shares of Taminco for $26.00 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Taminco for not acting in the Company's shareholders' best interests in connection with the sale process. Indeed, according to Yahoo! Finance data, at least one analyst has issued a price target for Taminco stock at $27.00 per share. Further, the sales process leading up to the announcement of the merger also appears to have significant conflicts of interest, thus making the process and consideration unfair because Taminco's controlling shareholder, Apollo Global Management, controls 53.7% of Taminco's common shares and also controls 5 out of the 11 board seats on Taminco's board.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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