The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of RSC Holdings Inc. in Connection With the Sale of the Company to United Rentals, Inc.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/17/12 -- Levi & Korsinsky notifies investors of RSC Holdings Inc. ("RSC" or the "Company") (NYSE: RRR) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to United Rentals, Inc. (NYSE: URI). Under the terms of the transaction, RSC shareholders will receive $10.80 in cash and about 0.28 of a share of United Rentals, Inc. stock for each RSC share they own. Based on prior closing prices, the transaction values RSC stock at approximately $18 per share for a total transaction value of approximately $4.2 billion, including $2.3 billion in assumed debt. A complaint was filed in Arizona state court.
Click here to learn how to join the action: , or call: 877-363-5972.
The claims concern whether the RSC Board of Directors breached their fiduciary duties to RSC stockholders by failing to adequately shop the Company before entering into this transaction and whether United Rentals, Inc. is underpaying for RSC shares, thus unlawfully harming RSC stockholders.
If you own common stock in RSC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or .
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 17.01.2012 - 11:48 Uhr
Sprache: Deutsch
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