Kirby McInerney LLP is investigating potential claims against the Board of Directors of TMS International Corp. (“TMS” or the “Company”) (NYSE:TMS) related to the proposed acquisition of the Company by The Pritzker Organization, LLC. (“Pritzker”). Under the terms of the agreement, Akorn will acquire all of the outstanding common stock of Hi-Tech for $17.50 per share in cash, for a total transaction value of approximately $1 billion.
The investigation concerns whether the TMS Board of Directors violated their fiduciary duties in agreeing to the proposed transaction and whether the $17.50 per share consideration adequately values TMS shares.
If you are a TMS shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.