TAM SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Taminco Corp. (TAM) Over the Proposed Sale of the Company to Eastman Chemical Company
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 Taminco Corp. (“Taminco” or the “Company”) (TAM) for potential breaches of fiduciary duties in connection with the sale of the Company to Eastman Chemical Company for approximately $2.8 billion. The Company’s stockholders will only receive $26.00 in cash for each share of Taminco common stock they own. However, according to Yahoo! Finance data, at least one analyst has issued a price target for Taminco stock at $27.00 per share.
The investigation focuses on whether Taminco’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Taminco’s shareholders.
If you own common stock in Taminco 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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