Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of The Timberland Company (“Timberland” or the “Company”) (NYSE: TBL) relating to the proposed acquisition by VF Corp. (“VF”).
Under the terms of the transaction, Timberland shareholders would receive $43.00 in cash for each share of common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Timberland by not acting in Timberland shareholders' best interests in connection with the sale process to VF. The transaction may undervalue Timberland as Timberland stock traded at $45.30 as recently as April 28, 2011 and the offer may be intended just to take advantage of disappointing first-quarter results.
If you own shares of Timberland 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
http://brodsky-smith.com/296-tbl-the-timberland-company.html, or by calling toll free 877-LEGAL-90.