LawFuel.com – Best Class Action Newswire Service –
The Rosen Law Firm is investigating the Board of Directors of Frozen Food Express, Inc. (NASDAQ: FFEX) for possible breaches of fiduciary duty and other violations of state law in connection with its sale to Duff Brothers Capital Corp.
If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at [email protected] or [email protected] There is no cost or obligation to you.
Under the terms of the proposal, offered by Duff Capital Brothers, wholly owned by Thomas and James Duff who also indirectly own KLLM Transport Services, LLC, shareholders will receive $2.10 for each share of Frozen Food Express stock they own in a tender offer. In March, 2013, the Duffs announced it had acquired approximately 5.84% of the outstanding shares of common stock of Frozen Food Express. In connection with this proposal, Frozen Food Express’s Chairman of the Board, Stoney M. Stubbs, Jr., President and CEO, Russell Stubbs, and Executive Vice President and Chief Operating Officer, John Hickerson, who collectively own approximately 12.8% of the outstanding shares of Frozen Food Express, have each agreed to tender their shares of common stock into the tender offer.
The investigation relates to whether the price of $2.10 per share is fair to public shareholders and whether Frozen Food Express’s Board breached its fiduciary duties in connection with the proposal.
If you own Frozen Food Express common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.