BUYOUT OF HALLWOOD - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS
NEW YORK, Nov. 9, 2012 /PRNewswire/ --
The Hallwood Group Incorporated
Tripp Levy PLLC is investigating the Board of Directors of The Hallwood Group Incorporated (NYSE/AMEX: HWG) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a going private proposal from Hallwood Financial.
Under the terms of the transaction, Hallwood Group shareholders would receive $10 for each share of Hallwood Group stock they own. The investigation concerns, among other things, whether the proposed consideration to be paid to Hallwood Group shareholders is unfair, inadequate, and substantially below the fair or inherent value of Hallwood Group. In particular, Hallwood Group stock traded higher than the offer price as recently as August 13, 2012 and Hallwood Group has reported a book value of $31.71, for the most recent quarter
If you are a shareholder of Hallwood and would like additional information please contact us toll free at 877-772-3975 or email at contact @ tripplevy
Tripp Levy is a leading law firm that has recovered millions for shareholders around the globe