The Law Firm of Levi and Korsinsky, LLP Notifies Investors of Possible Breaches of Fiduciary Duty by the Board of M&F Worldwide
June 21 2011 - 11:46AM
Marketwired
Levi & Korsinsky notifies investors in M&F Worldwide
Corporation ("MFW" or the "Company") (NYSE: MFW) of claims for
possible breaches of fiduciary duty and other violations of state
law against the Company's Board of Directors in connection with the
receipt of a merger proposal from MacAndrew & Forbes Holdings,
Inc. ("M&F"). Under the terms of the transaction, M&F --
which currently owns 43% of MFW -- would acquire the remainder of
the Company for $24.00 per share in cash.
Click here to learn how to join the action:
http://zlk.9nl.com/MF-Worldwide-MFW, or call: 877-363-5972.
The claims concern whether the MFW Board of Directors is
adequately shopping the Company and working to obtain the best
price possible for MFW shareholders. In particular, MFW stock has
traded as high as $25.90 per share as recently as April 5, 2011.
Furthermore, MFW stock has a Book Value of $34.03 for the most
recent quarter, thus M&F, as a 43% owner may be taking
advantage of other shareholders by offering an unfair price for MFW
shares.
A complaint challenging the transaction was filed in Delaware
Chancery Court. If you own common stock in MFW 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/MF-Worldwide-MFW.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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