The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of American Commercial Lines, Inc. ("ACL" or the "Company") (Nasdaq: ACLI) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to an affiliate of Platinum Equity. Under the terms of the proposed transaction, ACL shareholders are to receive $33.00 in cash for each share they own, for a total transaction value of approximately $777 million.
The investigation involves whether the Board of Directors of ACL breached their fiduciary duties to ACL stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether ACL has disclosed all material information to shareholders about the proposed transaction. Specifically, ACL stock recently traded above $33.00 per share, and according to Yahoo Finance, one analyst has set a target price at $50.00 per share.
If you own stock in ACL and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
Jonathan M. Stein, Esq.
Law Office of Jonathan M. Stein, P.L.
120
E. Palmetto Park Rd., Suite 420
Boca Raton, FL 33432
(561)
961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
Contacts:
Jonathan M. Stein, Esq.,
561-961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
