INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of TUFCO TECHNOLOGIES, INC. Buyout ProposalSMITHTOWN, NY, Jan. 16, 2014 (Business Wire):
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Tufco Technologies, Inc. (“Tufco”) (NASDAQ CM: TFCO) for possible breaches of fiduciary duties and other violations of law in connection with Tufco’s agreement to be acquired by Griffin Holdings, LLC (“Griffin”).
Under the terms of the proposal, public stockholders of Tufco would receive $6.07 per share in cash for each share of Tufco they own in a transaction valued at approximately $26 million.
The investigation concerns whether Tufco’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Tufco’s stockholders would be fair and adequate, and whether Tufco is acting in its stockholders’ best interests
If you own Tufco common stock, purchased your shares prior to December 20, 2013, and wish to obtain additional information, please contact Joseph R. Beige, Esquire either via email at or by telephone at (631) 231-7725. Joseph R. Beige, Esquire is an experienced attorney who prosecutes securities class actions, derivative actions, shareholder rights actions, and corporate governance actions on behalf of stockholders.
Attorney advertising. Prior results do not guarantee a similar outcome. CONTACT:Law Office of Jack Stuart Beige & Associates, P.C.Joseph R. Beige