Faruqi & Faruqi, LLP Announces Investigation of Temple-Inland, Inc. (TIN)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Temple-Inland, Inc. (“Temple-Inland” or the “Company”) (NYSE: TIN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to its rival, International Paper Co. (NYSE: IP), in an all-cash deal valued at about $3.7 billion. Under the terms of the proposed transaction, Temple-Inland stockholders will receive $32 in cash per each share of Temple-Inland they own, while, according to Yahoo! Finance, at least one financial analyst has set a price target of $37 for Temple-Inland. The transaction has already been approved by both boards of directors.
Whether Temple-Inland’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 the proposed transaction undervalues Temple-Inland’s shares and by how much this proposed transaction undervalues the Company to the detriment of Temple-Inland’s shareholders are the key focus of this investigation.
If you own common stock in Temple-Inland and wish to obtain additional information, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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