latest news releases from the newsroom
Tanger Factory Outlet Centers, Inc.
Tanger Makes Outlet Shopping With Friends This Summer Even More Fun and Rewarding
GREENSBORO, N.C., June 3, 2009 (GLOBE NEWSWIRE) -- It's no secret that shopping ranks at the top of the list of activities planned for the summer travel and vacation season. Now more than ever, savvy shoppers are heading to Tanger Outlets for big savings on great brands. This summer, Tanger Outlet Centers is also rewarding bargain hunters across America that schedule their outlet shopping excursion to Tanger with a group of friends. Tanger's annual Summer With Friends Campaign is taking place June 15-July 18, 2009.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of NATCO Group Inc.
NEW YORK, June 3, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of NATCO Group Inc. ("NATCO" or the "Company")(NYSE:NTG) arising out of their attempt to sell the Company to Cameron International Corporation ("Cameron") (NYSE:CAM). Under the terms of the agreement, NATCO shareholders will receive 1.185 shares of CAM stock for each share of NATCO they own. Based on the $32.45 June 1, 2009 closing price of CAM stock, NATCO shares are valued at approximately $38.45 per share for a total transaction value of approximately $780 million. The transaction appears unfair given that NATCO shares traded above $50 per share as recently as September 2008 and that the average price of CAM shares for the 90 days prior to the announcement was only $24.94 -- substantially less than its June 1st closing price.