Press release from PR Newswire
BOISE INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Boise Inc. In Connection With Sale Of Company to Packaging Corporation of America
Tuesday, September 17, 2013
BOISE INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Boise Inc. In Connection With Sale Of Company to Packaging Corporation of America15:43 EDT Tuesday, September 17, 2013
NEW YORK, Sept. 17, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Boise Inc. ("Boise" or the "Company") (NYSE: BZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Packaging Corporation of America (NYSE: PKG).
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Click here to learn more about the investigation http://zlk.9nl.com/boise-bz/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Boise shareholders will receive $12.55 for each share of Boise stock they own. The transaction has a total approximate value of $1.995 billion, including the assumption of debt. The investigation concerns whether the Boise Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter this transaction, and whether Packaging Corporation of America is underpaying for Boise shares.
If you own Boise common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/boise-bz/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
SOURCE Levi & Korsinsky, LLP