SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of AEP Industries, Inc. -AEPI
BALA CYNWYD, Pa., Aug. 25, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of AEP Industries, Inc. ("AEP Industries" or "the Company") (Nasdaq- AEPI -News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Berry Plastics Group, Inc. ("Berry").
Click here to learn more about the investigation http://brodsky-smith.com/1111-aepi-aep-industries-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, AEP Industries shareholders will receive only either $110 in cash or 2.5011 shares of Berry common stock for each share of AEP Industries stock they own. However, AEP shareholders are subject to an overall 50/50 proration. The investigation concerns whether the Board of AEP Industries breached their fiduciary duties to shareholders and whether Berry is underpaying for the Company. The transaction may undervalue the Company and may not be in the AEP Industries shareholders best interests. For example, the proposed transaction will add to both Berry's adjusted net income and adjusted free cash flow. Consequently, the price Berry shares increased following the announcement of the transaction.
If you own shares of AEP Industries stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1111-aepi-aep-industries-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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