Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating and monitoring the conduct of the Board of Directors of Timberland Co. (“Timberland” or the “Company”) (NYSE: TBL) in relation to the sale of the Company to V.F. Corporation (NYSE: VFC), a clothing and footwear maker, whose brands include Wrangler, Nautica, and the North Face, for about $2 billion. The proposed transaction offers Timberland’s shareholders $43.00 per share in cash, while the Company’s stock traded at $45.30 as recently as April 28, 2011.
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Whether Timberland’s Board of Directors breached their fiduciary duties to Timberland’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Timberland’s shares and by how much this proposed transaction undervalues the Company to the detriment of Timberland’s shareholders are the key focus of this investigation.
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If you own common stock in Timberland and wish to obtain additional information, please visit us at
or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.