LOS ANGELES -- (Business Wire)
Glancy
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of Lorillard, Inc. (“Lorillard” or the “Company”)
(NYSE:LO) related to the proposed merger of the Company with Reynolds
American, Inc. The transaction is valued at approximately $27 billion,
and under the terms of the agreement, Lorillard shareholders are to
receive $50.50 in cash plus 0.2909 shares of Reynolds common stock for
each share of Lorillard held, valued at approximately $68.88 per share.
This investigation concerns whether the Board of Directors of Lorillard
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction.
If you are a shareholder of Lorillard, if you have information or would
like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts:
Glancy Binkow & Goldberg LLP
Louis
Boyarsky, Esquire
(310) 201-9150
Toll Free (888) 773-9224
shareholders@glancylaw.com
Source: Glancy Binkow & Goldberg LLP
© 2024 Canjex Publishing Ltd. All rights reserved.