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Tripp Levy PLLC Announces Investigation of Clark Holdings

2011-09-13 07:37 ET - News Release


NEW YORK -- (Business Wire)

Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Clark Holdings, Inc.. (NYSE Amex: GLA). It was announced that Clark Holdings will be acquired by an affiliate of the private equity firm 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 Holdings 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

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975

Email:

contact@tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts:

Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com

Source: Tripp Levy PLLC

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