Lundy Law Commences An Investigation Into The Proposed Sale Of Norcraft Companies, Inc.
SHAREHOLDER ALERT: Lundy Law Commences An Investigation Into The Proposed Sale Of Norcraft Companies, Inc.
Lundy Law is investigating potential claims against the Board of Directors of Norcraft Companies, Inc. (“Norcraft” or the “Company”) (NYSE: NCFT) for possible breaches of fiduciary duty and other violations of law in connection with the proposed sale of the Company to Fortune Brands Home & Security, Inc. (“Fortune Brands”) in a transaction valued at approximately $600 million. Under the terms of the transaction, Fortune Brands will launch a tender offer for all outstanding Norcraft shares at a price of $25.50 per common share. Among other things, the investigation concerns whether the proposed transaction undervalues the Company and whether the Board of Directors of Norcraft is achieving the best possible value for Norcraft’s shareholders.
If you own shares of Norcraft common stock and wish to discuss the legal ramifications of the investigation, or have any questions, contact Lundy Law who will, without obligation or cost to you, answer your questions. For more information you may contact David Promisloff, co-counsel to Lundy Law directly at 1-800-LundyLaw, or visit https://www.lundylaw.com/press-releases/NCFT.
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