The Law Office of Abe Shainberg Announces Investigation of M&F Worldwide Corporation -- MFW
June 14 2011 - 4:03PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of M&F Worldwide Corporation (NYSE: MFW) for possible
breaches of fiduciary duty and other violations of state law in
connection with the receipt of a merger proposal from MacAndrew
& Forbes Holdings, Inc. Under the terms of the proposed
transaction, MacAndrew & Forbes would acquire the remainder of
the Company for $24.00 per share in cash. MacAndrew & Forbes
currently owns 43% of M&F Worldwide.
The investigation concerns whether the M&F Worldwide Board
of Directors is adequately shopping the Company and working to
obtain the best price possible for M&F Worldwide shareholders.
In particular, M&F Worldwide stock has traded as high as $25.90
per share as recently as April 5, 2011 and the company reported a
book value of $34.03 per share for the most recent quarter.
If you own common stock in M&F Worldwide and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/mf-worldwide.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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