NORCRAFT SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Norcraft Companies Inc. Over the Proposed Sale of the Company to Fortune Brands Home & Security Inc. - NCFT
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 Norcraft Companies Inc. (“Norcraft” or the “Company”) (NYSE: NCFT) for potential breaches of fiduciary duties in connection with the sale of the Company to Fortune Brands Home & Security Inc. (“Fortune Brands”) (NYSE: FBHS) for approximately $600 million. The Company’s stockholders will receive $25.50 for each share of Norcraft common stock they own.
The investigation focuses on whether Norcraft’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 Norcraft’s shareholders.
If you own common stock in Norcraft 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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