NEW YORK, Oct. 20, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Wausau Paper Corp. ("Wausau" or the "Company") (NYSE:WPP) for potential breaches of fiduciary duties in connection with the sale of the Company to SCA for approximately $513 million in a cash transaction.
The Company's stockholders will only receive $10.25 for each share of Wausau common stock they own. However, Wassau stock has traded as high as $11.26 per share as recently as January 2, 2015 and, furthermore, at least one analyst has set a price target at $12.00 per share.
Click here for more information: www.faruqilaw.com/WPP. There is no cost or obligation to you.
The investigation focuses on whether Wausau's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Wausau's shareholders.
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If you own common stock in Wausau and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/WPP or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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