Finkelstein Thompson LLP Announces Investigation of ICO, Inc.
December 03 2009 - 4:20PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of ICO, Inc. (“ICO” or the “Company”)
(Nasdaq:ICOC) arising from the Company’s announcement of its intent
to merge with A. Schulman, Inc. (“A. Schulman”) (Nasdaq: SHLM)
Under the terms of the proposed agreement, ICO shareholders will
receive $3.67 per share in cash and approximately 0.184 shares of
Schulman stock for each share of ICO common stock owned. The
transaction represents an implied per-share value of approximately
$6.79 and is valued at approximately $191.4 million.
The investigation is focused on the potential unfairness of the
price to ICO shareholders and the process by which the ICO Board of
Directors considered and approved the transaction. ICO stock traded
at over $12 per share in 2008.
If you are interested in discussing your rights as an ICO
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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