Brower Piven Announces An Investigation Of The Acquisition Of The Timberland Company By V.F. Corporation
The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of The Timberland Co. (“Timberland”) (NYSE: TBL) and other violations of state law by the Board of Directors of Timberland relating to the proposed acquisition of the company by V.F. Corporation (“VF”) (NYSE: VFC). The firm’s investigation seeks to determine whether Timberland’s Board breached their fiduciary duties by, among other things, failing to maximize shareholder value.
On June 13, 2011, Timberland and VF jointly announced that they have entered into a definitive merger agreement for Timberland to be acquired by VF, in a total transaction value of approximately $2 billion. Under the terms of the agreement, Timberland stockholders will receive $43 for each share of Timberland stock. However, Timberland’s stock was recently trading above the offer price, reaching $45.30 per share on April 28, 2011. The companies expect to close the deal late in the third quarter.
If you own Timberland common stock and would like to learn more about
the investigation being conducted by Brower Piven, you may e-mail or
call Brower Piven, who will, without obligation or cost to you, attempt
to answer your questions. You may contact Brower Piven by email at
by calling 410/415-6616, or at Brower Piven, A Professional Corporation,
1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and other class
action cases of over 60 years.
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