Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Taminco Corporation (“Taminco” or the “Company”) (NYSE: TAM) relating to the sale of the Company to Eastman Chemical Company (“Eastman”). On September 11, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Eastman will acquire Taminco in a merger in a deal worth $2.8 billion. As a result of the merger, Taminco shareholders are only anticipated to receive $26.00 per share in cash in exchange for each share of Taminco they own. Our investigation so far has revealed that the consideration Taminco shareholders are expected to receive is significantly inadequate. Tellingly, shares of Taminco closed at $26.21 today, $.21 above the anticipated $26.00 per share consideration. Also, an analyst at Yahoo! Finance has set a $27.00 per share price target for Taminco. The sales process leading up to the announcement of the merger also appears to have significant conflicts of interest, thus making the process and consideration unfair. Taminco’s controlling shareholder, Apollo Global Management, controls 53.7% of Taminco’s common shares and also controls 5 out of the 11 board seats on Taminco’s board. If you own shares of Taminco and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/TAM or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
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