Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed sale of Spartech Corporation (“Spartech”) (NYSE: SEH) to PolyOne Corporation for shareholders. Under the proposed transaction, SEH shareholders will receive only $2.67 in cash and 0.3167 shares of PolyOne’s common stock for each share of SEH stock they owned, representing an approximate value of $8.00 per share.
There is no cost or fee for you to join the action. Thus, if you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com.
The proposed transaction is valued at approximately $393 million. The investigation concerns whether SEH’s board of directors failed to adequately shop the company and obtain the best possible value for Spartech’s shareholders before entering into an agreement with PolyOne.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a Dallas litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.