BUYOUT OF SEACUBE - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS
January 21, 2013
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent SeaCube Container Leasing shareholders in connection with the acquisition of the company. Ontario Teachers' Pension Plan announced that it will buy SeaCube Container Leasing Ltd (BOX.N) for about $467 million. Under the terms of the agreement, SeaCube shareholders will receive $23 for each share,
The lawsuit on behalf of shareholders seeks to determine whether the SeaCube board of directors and management breached their fiduciary duties by not obtaining the highest price possible for shareholders through a full and fair auction while not obtaining personal benefits for themselves in selling the company at this price. Indeed, management for SeaCube is participating in the acquisition and analysts have projected the true value of the company is in excess of at least $24 per share.
If you are a shareholder of SeaCube and would like additional information regarding this lawsuit and as to how you can join with other shareholders at no cost in obtaining a higher price for your shares, please contact us toll free at 877-772-3975 or email at contact @ tripplevy