Press release from Business Wire
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Smithfield Foods, Inc.
Thursday, May 30, 2013
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Smithfield Foods, Inc.21:15 EDT Thursday, May 30, 2013
BALA CYNWYD, Pa. (Business Wire) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Smithfield Foods, Inc. (“Smithfield” or the “Company”) (NYSE: SFD) relating to the proposed acquisition by Shunanghi International Holdings Ltd.
Click here to learn more about the investigation http://brodsky-smith.com/596-sfd-smithfield-foods-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Smithfield shareholders will receive only $34.00 in cash for each share of Smithfield stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Smithfield for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as an analyst has set a $48.00 per share price target on Smithfield stock.
If you own shares of Smithfield common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/596-sfd-smithfield-foods-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire