NEW YORK, Sept. 26, 2013 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of TMS International Corp. ("TMS" or the "Company")
(NYSE: TMS) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
The Pritzker Organization, LLC, a private equity firm. Under
the terms of the proposed transaction, TMS's stockholders will
receive $17.50 in cash for each share
of TMS common stock they own, while according to Yahoo! Finance, at
least one financial analyst has set a price target of $19.00 for TMS. Furthermore, TMS has seen
an uptrend in their stock prices, where prices have almost doubled
over the trailing twelve months.
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Request more information now by clicking here:
www.faruqilaw.com/TMS. There is no cost or obligation to
you.
The investigation focuses on whether TMS's Board of Directors
breached their fiduciary duties to the Company's stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
TMS's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients.
If you own common stock in TMS and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/TMS or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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