The firm is investigating potential claims against the board of directors of Lorillard, Inc. ("Lorillard" or the "Company") (LO) concerning the proposed acquisition of the Company by R.J. Reynolds Tobacco Company ("R.J. Reynolds").
Under the terms of the transaction, R.J. Reynolds will purchase Lorillard in a transaction valued at approximately $27.4 billion. Lorillard shareholders will receive approximately 0.2909 of a share of R.J. Reynolds and $50.50 cash for each share of Lorillard owned, a combined worth of about $68.08.
Our investigation concerns whether the Lorillard board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.
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