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TMS International Corp. Message Board

  • nycwest nycwest Aug 26, 2013 7:27 AM Flag

    Buyout of TMS - Law Firm seeks more information and cash for shareholders


    August 26, 2013
    New York, New York

    Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of TMS. TMS International Corp. (TMS) and The Pritzker Organization, LLC (TPO) announced a definitive merger agreement under which business interests of certain members of the Pritzker family will acquire TMS in an all-cash transaction valued at approximately $1 billion, including refinanced third-party debt. Under the terms of the agreement, TMS stockholders will receive $17.50 in cash for each share of TMS Class A common stock and Class B common stock.

    The investigation concerns whether the board of directors of TMS engaged in a full and fair auction of the company so that shareholder obtain the maximum amount for their shares. Indeed, analysts have projected the company's true inherent value is at least $22 per share.

    If you would like additional information regarding this matter, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy

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