San Diego, CA -- (SBWIRE) -- 03/22/2016 -- An investigation for shareholders of Tumi Holdings Inc (NYSE:TUMI), was announced concerning the takeover of Tumi Holdings Inc. by Samsonite International S.A. for $26.75 per share.

Investors who purchased shares of Tumi Holdings Inc (NYSE:TUMI) and currently hold any of those NYSE:TUMI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Tumi Holdings directors breached their fiduciary duties owed to NYSE:TUMI investors in connection with the proposed acquisition.

On March 3, 2016, Samsonite International S.A. and Tumi Tumi Holdings Inc (NYSE:TUMI) announced that they have entered into an agreement whereby Samsonite will acquire Tumi Holdings Inc (NYSE:TUMI) for US$26.75 per share in an all cash transaction, valuing Tumi Holdings Inc at an equity value of US$1.8 billion.

However, the investigation concerns whether the offer is unfair to NYSE:TUMI stockholders. More specifically, the investigation concerns whether the Tumi Holdings 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.

Tumi Holdings Inc reported that its annual Total Revenue rose from $398.55 million in 2012 to $547.65 million in 2015 and that its respective Net Income increased from $36.78 million in 2012 to $63.01 million in 2015.

On March 18, 2016, NYSE:TUMI shares closed at $26.92 per share.

Those who are current investors in Tumi Holdings Inc (NYSE:TUMI) shares have certain options and should contact the Shareholders Foundation.

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