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Levi & Korsinsky, LLP Launches an Investigation into the the Board of Polymer Group, Inc.
1 páginas
Publicado por
dangerkamal2
Levi & Korsinsky, LLP Launches an Investigation into the the Board of Polymer
Group, Inc.
Levi & Korsinsky is investigating the Board of Directors of Polymer Group, Inc.
for
possible breaches of fiduciary duty and other violations of...
[Más]
Levi & Korsinsky, LLP Launches an Investigation into the the Board of Polymer
Group, Inc.
Levi & Korsinsky is investigating the Board of Directors of Polymer Group, Inc.
for
possible breaches of fiduciary duty and other violations of state law in connection
with their attempt to sell the Company to Blackstone Capital Partners V L.
P.
New York, NY, October 05, 2010 -- Levi & Korsinsky is investigating the Board of
Directors of Polymer Group, Inc.
(?PGI? or the ?Company?) (OTCBB: POLGA) for
possible breaches of fiduciary duty and other violations of state law in connection
with their attempt to sell the Company to Blackstone Capital Partners V L.
P.
(?
Blackstone?).
Under the terms of the transaction, each holder of outstanding shares
of PGI common stock will be entitled to receive up to $18.
16 in cash for each
share.
A portion of the aggregate purchase consideration totaling $64.
5 million, or
approximately $2.
91 per share, will be deposited in an escrow account at closing
and
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