it was announced that Clark Holdings is being acquired by the private equity firm Gores Group...the offer seems low if you ask me.
anyway, in case anyone else is interested, i saw this and joined.
Kidder Morgan LLC Announces Investigation of Clark Holdings
NEW YORK--(BUSINESS WIRE)--Kidder Morgan, a leading national securities law firm, announces an investigation into the proposed acquisition of Clark Holdings by Gores Group. Under the terms of the merger agreement, Clark shareholders will receive only $0.46 per share.
The investigation concerns, among other things, whether the consideration to be paid to Clark shareholders is unfair, inadequate, and substantially below the fair or inherent value. Indeed, the book value alone of the company is worth more than the buyout price ($0.55 per share). The investigation further concerns whether the board of directors of Clark may have breached their fiduciary duties by not acting in Clark shareholders' best interests in connection with the sale process of Clark
If you own Clark common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact