Fri, Oct 31, 2014, 11:21 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Advanced Drainage Systems, Inc. Message Board

  • ihatesachinshah ihatesachinshah Jan 31, 2013 8:45 AM Flag

    BUYOUT OF WMS - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS

     

    January 31, 2013
    New York, New York

    Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of WMS Industries. It was announced that Scientific Games will acquire all of the outstanding shares of WMS for $26.00 per share in cash, for a total enterprise value of approximately $1.5 billion, including debt of $85 million and cash on hand of $55 million as of September 30, 2012.

    The investigation concerns whether the board of directors of WMS breached their fiduciary duties by not engaging in a full and fair auction of the company so that shareholders can obtain the highest price, while not obtaining personal benefits for themselves. Further, Scientific is utilizing the companys cash to help pay for the merger, which comes out to over $1 per share, which shareholders should get through a special dividend.

    If you are a shareholder of WMS and would like additional informatin regarding this matter, at no cost, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy

    This topic is deleted.
 
WMS
21.84+0.71(+3.36%)Oct 31 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.