NEW YORK, June 13, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of M&F Worldwide Corporation ("MFW" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from MacAndrew & Forbes Holdings, Inc. ("M&F"). Under the terms of the transaction, M&F—which currently owns 43% of MFW—would acquire the remainder of the Company for $24.00 per share in cash.
Click here to learn how to join the action: http://zlk.9nl.com/MF-Worldwide, or call: 877-363-5972.
The investigation concerns whether the MFW Board of Directors is adequately shopping the Company and working to obtain the best price possible for MFW shareholders. In particular, MFW stock has traded as high as $25.90 per share as recently as April 5, 2011. Furthermore, MFW stock has a Book Value of $34.03 for the most recent quarter, thus M&F as a 43% owner may be taking advantage of other shareholders by offering an unfair price for MFW shares.
If you own common stock in MFW and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/MF-Worldwide.
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm 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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.