Aug. 18, 2010 (Business Wire) -- The Law Offices of Vincent Wong is investigating the Board of Directors of Pactiv Corporation (“Pactiv” or the “Company”) (NYSE: PTV) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Reynolds Group Holdings Limited ("Reynolds") for $33.25 in cash per share. The total transaction value is approximately $6.0 billion.
The investigation concerns whether the Pactiv Board of Directors breached their fiduciary duties to Pactiv stockholders by failing to adequately shop the Company before entering into this transaction and whether Reynolds is underpaying for Pactiv shares. At least one analyst set a price target for Pactiv stock of $35.00 per share.
If you own common stock in Pactiv and wish to obtain additional information about this investigation and what is being done to advance the shareholders’ interests, please contact Vincent Wong, Esq. directly, via email at vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/pactiv.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.
Law Offices of Vincent Wong
Vincent Wong, Esq., 212-584-2740
Fax:
866-367-6510
vw@wongesq.com
