TRUNKBOW INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Trunkbow International Holdings, Ltd. In Connection With the Company’s Going Private Transaction
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Trunkbow International Holdings, Ltd. (“Trunkbow” or the “Company”) (NasdaqGM: TBOW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Trunkbow Merger Group Limited in a cash deal valued at approximately $50 million. Under the terms of the proposed transaction, Trunkbow’s stockholders will receive $1.46 for each share of Trunkbow common stock they own. However, Trunkbow’s book value is significantly higher at $2.70 per share.
The investigation focuses on whether Trunkbow’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Trunkbow’s shareholders.
If you own common stock in Trunkbow and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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