Trunkbow forms special committee to consider proposal

theflyonthewall.com

Trunkbow announced that the special committee of its board formed to consider a proposal from Hou Wanchun, chairman of the board and CEO Li Qiang, pursuant to which the Consortium Members propose to acquire all of the outstanding shares of the Company's common stock not beneficially owned by the Consortium Members at a price of $1.46 per Share in cash, and any potential alternative transactions involving the Company, has retained Shearman & Sterling LLP as its legal counsel and Duff & Phelps, LLC as its financial advisor to assist it in consideration of such matters.

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