Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of Cascade Corporation (CASC)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cascade Corporation (“Cascade” or the “Company”) (NYSE: CASC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Toyota Industries Corporation in an all-cash deal valued at about $759 million. Under the terms of the proposed transaction, Cascade’s stockholders will receive $65 in cash per each share of Cascade they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.
The investigation focuses on whether Cascade’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 Cascade’s shares and by how much this proposed transaction undervalues the Company to the detriment of Cascade’s shareholders.
If you own common stock in Cascade and wish to obtain additional information and protect your investments free of charge, 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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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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