NEW YORK, June 13, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of M&F Worldwide Corp. ("MFW" or the "Company") concerning the proposed acquisition of MFW by MacAndrews & Forbes Holdings Inc. ("MacAndrews"), which currently owns 43 percent of the Company.
The investigation concerns whether the board of directors is breaching its fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, MFW shareholders would receive $24.00 per share, which is $10 per share below Book Value. MacAndrews chairman and CEO Ronald Perelman is also chairman of MFW. By taking the Company private, and failing to identify alternative offers, this acquisition may unfairly disadvantage shareholders. MFW stock traded as high as $25.90 as recently as April 2011.
MFW shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at email@example.com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Rachelle R. Boyle Pomerantz Haudek Grossman & Gross LLP 888-476-6529 (ext. 237) 212-661-1100 (ext. 237) email@example.com