An investigation on behalf of investors of Wausau Paper Corp. (NYSE:WPP) in connection with the proposed takeover was announced and NYSE:WPP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/04/2015 -- An investigation for shareholders in NYSE:WPP shares was announced concerning whether the takeover of Wausau Paper Corp. by SCA for $10.25 per share is unfair to NYSE:WPP stockholders.
Investors who purchased shares of Wausau Paper Corp. (NYSE:WPP) and currently hold any of those NYSE:WPP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Wausau Paper Corp. breached their fiduciary duties owed to NYSE:WPP investors in connection with the proposed acquisition.
On October 13, 2015, SCA and Wausau Paper Corp. (NYSE:WPP) announced that SCA will acquire Wausau Paper for USD 10.25 per share or total consideration of USD 513 million (approximately SEK 4.2 billion) in cash.
However, given that at least one analyst has set the high target price for NYSE:WPP shares at $12.00 per share and given that NYSE:WPP shares traded in erarly 2015 as high as $11.26 per share, the investigation concerns whether the offer is unfair to NYSE:WPP stockholders. More specifically, the investigation concerns whether the Wausau Paper 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.
Wausau Paper Corp. reported that its annual Total Revenue rose from $348.58 million in 2013 to $352.02 million in 2014 and that its Net Loss declined from $97.27 million in 2013 to $18.51 million in 2014.
Shares of Wausau Paper Corp. (NYSE:WPP) reached as high as $13.66 per share in early 2014.
On November 3, 2015, NYSE:WPP shares closed at $10.18 per share.
Those who are current investors in Wausau Paper Corp. 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