From the Wires
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of The Warnaco Group, Inc. in Connection With the Sale of the Company to PVH Corp.
By: Marketwired .
Nov. 16, 2012 11:54 AM
NEW YORK, NY -- (Marketwire) -- 11/16/12 -- Levi & Korsinsky notifies investors of The Warnaco Group, Inc. ("Warnaco" or the "Company") (NYSE: WRC) of claims of breaches of fiduciary duty and other violations of state law against the board of the Company in connection with the sale of the Company to PVH Corp. ("PVH") (NYSE: PVH). A complaint was filed in New York state court.
Click here to learn more about the investigation http://zlk.9nl.com/warnaco-group-wrc/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Warnaco shareholders will receive $51.75 in cash and 0.1822 of a PVH common share for each share of Warnaco stock they own, a value of approximately $64.83 per Warnaco share. The transaction has a total approximate value of $2.9 billion. The claims concern whether the Warnaco Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether PVH is underpaying for Warnaco shares, thus unlawfully harming Warnaco stockholders.
If you own common stock in Warnaco and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/warnaco-group-wrc/.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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