NEW YORK, Dec. 23, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Tufco Technologies, Inc. ("Tufco" or "the Company") (NasdaqCM: TFCO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Griffin Holdings, LLC.
Click here to learn more about the action http://zlk.9nl.com/tufco-technologies-tfco/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Tufco shareholders will receive $6.07 in cash for each share of Tufco stock they own. Tufco's largest shareholder, Bradford Venture Partners, LP, has already agreed to tender its shares, representing approximately 14.9% of Tufco's outstanding shares. The investigation concerns whether the Tufco Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Griffin Holdings, LLC is underpaying for Tufco shares. In particular Tufco has a reported book value of $8.70 per share, for the most recent quarter.
If you own Tufco common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tufco-technologies-tfco/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have 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.
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: (866) 367-6510
SOURCE Levi & Korsinsky, LLP