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Hallwood Group Anonim ┼×irket Com Message Board

  • lookingandbrowsing lookingandbrowsing Nov 12, 2012 9:00 AM Flag

    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

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