Shareholders Foundation, Inc.

Investor Alert: Investigation of Seacube Container Leasing Ltd (NYSE:BOX) Takeover Offer

An investigation on behalf of investors of seacube container leasing ltd (NYSE:BOX) in connection with the proposed takeover was announced and NYSE:BOX stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 01/29/2013 -- An investigation on behalf of investors in seacube container leasing ltd (NYSE:BOX) shares was announced concerning whether the offer by the Ontario Teachers' Pension Plan to acquire seacube container leasing ltd for $23.00 per NYSE:BOX share and the takeover process are unfair to investors in:BOX shares.

Investors who purchased shares of seacube container leasing ltd (NYSE:BOX) prior to January 18, 2013, and currently hold any of those NYSE:BOX shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of seacube container leasing ltd breached their fiduciary duties owed NYSE:BOX investors in connection with the proposed acquisition.

On Jan. 18, 2013, the Ontario Teachers' Pension Plan and SeaCube Container Leasing Ltd. (NYSE: BOX) announced they have entered into an agreement by which the Ontario Teachers' Pension Plan will acquire 100% of the shares of SeaCube Container Leasing Ltd. Under the terms of the agreement, SeaCube Container Leasing Ltd shareholders will receive $23.00 in cash per NYSE:BOX common share

However, at least one analyst has set the high target price for NYSE:BOX shares at $24.00 per share. In addition, SeaCube Container Leasing’s financial performance improved over the past recent years. For instance, seacube container leasing ltd reported that its annual Revenue rose from $137.25 million in 2010 to $169.48 million in 2011 and its Net Income increased from $29.62 million in 2010 to $39.02 million. Furthermore, shares of seacube container leasing ltd (NYSE:BOX) grew from as low as $11.42 per share in Sept. 2011 to as high as $20.33 on January 18, 2013.

Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NYSE:BOX stockholders.

Specifically, the investigation focuses on whether the seacube container leasing Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in seacube container leasing ltd (NYSE:BOX), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com