INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of TUFCO TECHNOLOGIES, INC. & Its Board of Directors In Connecti...
December 24 2013 - 11:59AM
Business Wire
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 jlevi@zlk.com 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, LLPJoseph Levi, Esq. / Eduard Korsinsky,
Esq.212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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