Faruqi & Faruqi, LLP Announces the Investigation of Plum Creek Timber Co. Inc. (PCL) Over the Proposed Sale of the Company to Weyerhaeuser Company
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Plum Creek Timber Co. Inc. (“Plum Creek” or the “Company”) (NYSE:PCL) for potential breaches of fiduciary duties in connection with the sale of the Company to Weyerhaeuser Company for approximately $8.4 billion.
The Company’s stockholders will only receive 1.6 Weyerhaeuser shares for each share of Company common stock they own, or approximately $47.29. However the offer is below at least one analyst’s target price of $50.00 per share.
If you own common stock in Plum Creek and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan 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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