Law Office of Brodsky & Smith, LLC Announces Investigation of ICO, Inc.
December 03 2009 - 3:37PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
ICO, Inc. (“ICO” or the “Company”) (Nasdaq: ICOC) related to the
merger agreement with A. Schulman, Inc. (“A. Schulman”) (Nasdaq:
SHLM).
Under the terms of the transaction, ICO shareholders are to
receive $3.67 per share in cash and approximately 0.184 shares of
Schulman stock for each share of ICO common stock they own. The
investigations concerns whether the board breached their fiduciary
duties by failing to adequately shop the company given that ICO
stock traded at $5.04 on September 21, 2009 and $4.83 on October 9,
2009.
If you are an ICO shareholder and wish to discuss the legal
ramifications of the Board’s actions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation
or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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