Aug. 17, 2010 (Business Wire) -- Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pactiv Corp. (“Pactiv” or the “Company”) (NYSE: PTV) concerning the proposed acquisition of the Company by Reynolds Group Holdings Limited. Under the terms of the offer, Pactiv shareholders will receive $33.25 in cash for each share of the Company’s common stock held in a transaction valued at approximately $6 billion.
The investigation is focused on the potential unfairness of the price to Pactiv shareholders, the process by which the Pactiv Board of Directors considered the transaction, and potential conflicts of interests on the part of Board members. Yahoo! Finance shows analysts’ median target of $34 and high target of $35 per Pactiv share, and the Company’s stock has been trading in the $29.97 - $31.77 range for the last month. Additionally, the Company’s recently announced quarterly results show increasing sales despite relatively weak markets.
If you are interested in discussing your rights as a Pactiv shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Finkelstein Thompson LLP
Donald J. Enright, Esq.
202-337-8000
