NEW YORK, Dec. 10, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, is investigating the Board of Directors of Trunkbow International Holdings, Ltd. ("Trunkbow" or the "Company") (TBOW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Trunkbow Merger Group Limited, a company owned by Dr. Wanchun Hou, Chairman of the Trunkbow Board of Directors, and Mr. Qiang Li, Chief Executive Officer and Director.
Under the terms of transaction, Trunkbow shareholders will receive $1.46 in cash for each share of Trunkbow stock they own. The investigation concerns whether Wanchun and Qiang are taking advantage of their positions within the Company to purchase Trunkbow at an unfair price for their own self-interests and in violation of their fiduciary duties to shareholders, who otherwise would not receive the fair true inherent value of the company. Indeed, Trunkbow has a book value of $2.70 per share for the most recent quarter.
If you own Trunkbow common stock and wish to obtain additional information about the acquisition of Trunkbow and how it may affect your rights as a shareholder, at no cost or expense, please contact us at:
Tripp Levy PLLC has extensive experience in mergers and takeovers and has assisted in the recovery of hundreds of millions of dollars for shareholders. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC