Law Office of Brodsky & Smith, LLC Announces Investigation of M & F Worldwide Corporation
June 15 2011 - 11:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
M&F Worldwide Corporation (“M&F” or the “Company”) (NYSE:
MFW) relating to the proposed acquisition by a subsidiary of
MacAndrews & Forbes Holdings, Inc. (“MacAndrews”).
Under the terms of the transaction, M&F shareholders would
receive $24.00 in cash for each share of M&F stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of M&F
by not acting in M&F shareholders' best interests in connection
with the sale process to MacAndrews. The transaction may undervalue
M&F as M&F stock traded at $26.38 as recently as April 8,
2011 and traded at $29.20 on July 26, 2010. In addition, MacAndrews
currently owns 43% of M&F.
If you own shares of M&F stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/300-mfw-m--f-worldwide-corporation.html,
or by calling toll free 877-LEGAL-90.
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