From the Wires
Law Office of Brodsky & Smith, LLC Announces Investigation of White River Capital, Inc.
By: PR Newswire
Nov. 16, 2012 10:35 PM
BALA CYNWYD, Pa., Nov. 16, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of White River Capital, Inc. ("White River" or the "Company") (NYSE- RVR) relating to the proposed acquisition by Parthenon Capital Partners ("Parthenon").
Under the terms of the transaction, White River shareholders will receive only $21.93 in cash for each share of White River stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of White River for not acting in the Company's shareholders' best interests in connection with the sale process to Parthenon. The transaction may undervalue the Company and will result in no substantial gain or even a loss for many White River shareholders. For example White River stock traded at $26.50 on December 5, 2011 and $22.94 as recently as October 12, 2012.
If you own shares of White River stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/507-rvr-white-river-capital-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
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