|[July 18, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Lorillard Inc. and Its Board of Directors in Connection with the Sale of the Company to Reynolds American Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Lorillard
Inc. ("Lorillard" or "the Company") (NYSE:LO) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Reynolds American Inc.
Click here to learn more about the investigation: http://zlk.9nl.com/lorillard-lo,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Lorillard shareholders will receive
$50.50 in cash and 0.2909 shares of Reynolds common stock for each share
of Lorillard stock they own, representing an approximate value of $68.88
per share. The investigation concerns whether the Board of Lorillard
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction, and
whether Reynolds American Inc. is underpaying for Lorillard shares.
If you own Lorillard common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/lorillard-lo.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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