Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Volcom, Inc. - VLCM
07 5월 2011 - 3:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Volcom, Inc. (“Volcom” or the “Company”) (NasdaqGS:
VLCM) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to PPR SA (“PPR”)
for approximately $607.5 million. The proposed transaction offers
Volcom shareholders $24.50 per share in cash. PPR expects the deal
to close by September.
Request more information now by clicking here:
www.faruqilaw.com/VLCM
Whether the Volcom’s Board of Directors breached their fiduciary
duties to Volcom’s stockholders by failing to conduct an adequate
and fair sales process to sell the Company prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Volcom’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Volcom
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Volcom and wish to obtain additional
information, please visit us at www.faruqilaw.com/VLCM or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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