MILWAUKEE, Jan. 22, 2013 (GLOBE NEWSWIRE) -- We are investigating the Board of Directors of SeaCube Container Leasing Ltd. ("SeaCube" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ontario Teachers' Pension Plan.
Click here to learn how to join the action: http://www.ademilaw.com/case/seacube-container-leasing-ltd or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
SeaCube shareholders will receive $23 for each share in the transaction. The merger agreement unreasonably limits prospective bids for SeaCube by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should SeaCube receive and accept a superior bid. SeaCube insiders, their affiliates and other majority shareholders own significant voting stock of SeaCube, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of the Company not necessarily in the best interests of non-insider shareholders. In light of these facts, our investigation centers on the conduct of SeaCube's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for SeaCube.
If you own common stock in SeaCube and wish to obtain additional information, please contact Guri Ademi either gademi@ademilaw.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/seacube-container-leasing-ltd.
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