SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation in Connection with the Sale of PSS World Medical, Inc. (PSSI) and Spartech Corporation (SEH)
NEW YORK, Oct. 26, 2012 /PRNewswire/ --
PSS World Medical, Inc.
Levi & Korsinsky is investigating the Board of Directors of PSS World Medical, Inc. (NasdaqGS: PSSI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to McKesson Corporation (NYSE: MCK).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
Click here to learn more about the investigation: http://zlk.9nl.com/pss-world-medical-pssi, or call: 877-363-5972.
Under the terms of the transaction, PSSI shareholders will receive $29.00 for each share of PSSI stock they own. The transaction has a total approximate value of $2.1 billion. The investigation concerns whether the PSSI Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether McKesson Corporation is underpaying for PSSI shares, thus unlawfully harming PSSI stockholders.
Spartech Corporation
Levi & Korsinsky is investigating the Board of Directors of Spartech Corporation (NYSE: SEH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to PolyOne Corporation (NYSE: POL).
Click here to learn more about the investigation: http://zlk.9nl.com/spartech-seh, or call: 877-363-5972.
Under the terms of the transaction, Spartech shareholders will receive $2.67 in cash and 0.3167 shares of PolyOne common stock for each share of Spartech stock they own, representing an approximate value of $8.00 per share. The transaction has a total approximate value of $393 million, including the assumption of debt. The investigation concerns whether the Spartech Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether PolyOne Corporation is underpaying for Spartech shares, thus unlawfully harming Spartech stockholders.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
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