Harwood Feffer LLP Announces Investigation of Plum Creek Timber Company, Inc.

Nov 09, 2015, 14:37 ET from Harwood Feffer LLP

NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Plum Creek Timber Company, Inc. ("Plum Creek" or the "Company") (NYSE: PCL) concerning the proposed acquisition of the Company by Weyerhaeuser Co. ("Weyerhaeuser").

Under the terms of the offer, the Weyerhaeuser would acquire Plum Creek in a transaction valued at approximately $8.4 billion.  Pursuant to the deal, Plum Creek stockholders would receive 1.6 shares of Weyerhaeuser per share of Plum Creek, worth approximately $47.75.  According to Yahoo Finance, at least one analyst has set a target price of $50 per share for Plum Creek stock. 

Our investigation concerns whether the Plum Creek 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 stockholders. 

If you own Plum Creek 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 I Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

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.

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