Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Silverleaf Resorts, Inc.
February 10 2011 - 12:55PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Silverleaf Resorts, Inc. (NASDAQ: SVLF) (referred to
as "Silverleaf" or the “Company”) by an affiliate of Cerberus
Capital Management, L.P. (“Cerberus”) in a cash transaction valued
at approximately $94.4 million.
Under the terms of the agreement, Silverleaf shareholders will
receive, at the closing, $2.50 in cash for each share of Silverleaf
common stock they own.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of Silverleaf stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Silverleaf and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (212) 213-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Silverleaf.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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