NEW YORK, Dec. 23, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross
LLP is investigating claims on behalf of investors of Tufco
Technologies, Inc. ("Tufco" or the "Company") (NASDAQ: TFCO) (ISIN:
US8990401098) (CUSIP: 899040109) concerning the proposed
acquisition of Tufco by Griffin Holdings Group LLC.
The investigation concerns whether the Tufco directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, Tufco shareholders will receive $6.07 per share. However, the Price to EBITDA,
EBIT, Revenue, and Book Value multiples are below the averages of
comparable transactions, and the deal offer price of $6.07 per share, is below the Company's 52-week
high of $6.99 per share.
Tufco shareholders seeking more information about this
acquisition are advised to contact Anna
Karin F. Manalaysay at amanalaysay@pomlaw.com or
212-661-1100 or 888-476-6529, ext. 283.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
CONTACT:
Anna Karin F.
Manalaysay
Pomerantz Grossman Hufford Dahlstrom
& Gross LLP
212-661-1100 ext. 283
amanalaysay@pomlaw.com
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP