Buckeye Technologies Inc (BKI) Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by The Young Law Firm related to the proposed acquisition of the Company by Georgia-Pacific LLC. The transaction is valued at $37.50 per share in cash in a deal valued at approximately $1.5 billion, including debt per share. Potential Shareholder Lawsuit.
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This investigation concerns whether the Board of Directors of Buckeye Technologies Inc breached their fiduciary duties by failing to maximize value to shareholders in the sale of the Company including whether the Board failed to adequately shop the Company before agreeing to enter into the proposed sale and whether the Company has disclosed all material information to shareholders about the transaction.
Phoenixville PA — The Young Law Firm is investigating potential claims against the Board of Directors of Buckeye Technologies Inc (“Buckeye Technologies” or the “Company”) (NYSE: BKI) concerning the proposed buyout of the Company by Georgia-Pacific LLC. The investigation concerns whether Buckeye Technologies’ Board of Directors obtained fair value for the sale of the Company and whether the Board has fulfilled its fiduciary duties to Buckeye Technologies’ shareholders in connection with the sale.
Under the terms of the transaction, shareholders will receive $37.50 per share in cash in a deal valued at approximately $1.5 billion, including debt.
Shareholders have rights. If you own shares of Buckeye Technologies and would like to learn more about these matters, please contact:
Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
or visit: www.theyounglf.com/buckeye-technologies-bki-merger-buyout-shareholder-lawsuit/
The Young Law Firm is a national shareholder litigation firm located outside of Philadelphia, Pa. We protect individual and institutional investors in state and federal courts nationwide. For more information about the firm and class action cases in general, please visit our website: www.theyounglf.com.
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