Robbins Umeda LLP Announces an Investigation
of Temple-Inland Inc.
September 06, 2011 06:38 PM Eastern Daylight Time
SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP, a shareholder rights litigation firm, has
commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of
the board of directors of Temple-Inland Inc. (NYSE: TIN) in connection with their efforts to sell the company to
International Paper Company (NYSE: IP).
On September 6, 2011, Temple-Inland announced that it had entered into a definitive merger agreement pursuant to
which International Paper will acquire all outstanding shares of the company in an all cash transaction. According to
the terms of the deal, shareholders will receive $32.00 for each share of Temple-Inland they own. The transaction is
expected to close as soon as the first quarter of 2012.
Robbins Umeda LLP's investigation focuses on whether Temple-Inland's board is undertaking a fair process to
obtain maximum value and adequately compensate shareholders in light of the company's recent positive financial
results. On July 21, 2011, Temple-Inland announced second quarter 2011 financial results that were well above
analyst estimates. The company reported adjusted EPS of $0.21, a 10.5% increase over the $0.19 reported in
second quarter 2010 and above second quarter 2011 analyst estimates of $0.17. Additionally, Temple-Inland
reported revenue of $1.02 billion, a 4.1% increase over the $976 million of revenue reported in second quarter
2010 and above second quarter 2011 analyst estimates of $1.01 billion. Furthermore, several leading analysts have
set price targets for Temple-Inland that value the company's stock from $35.00 to $37.00 per share, considerably
higher than that offer price by International Paper.
One option available to shareholders is to file a class action against Temple-Inland to secure both the best possible
price for the company's shareholders and the disclosure of material information to shareholders so they can vote on
the transaction in an informed manner. If you own stock in Temple-Inland and would like more information about
your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder
information form on the firm's website.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action
lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top
multinational corporate law firms, and career shareholder rights attorneys. For more information, please go to
Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/temple-inland-inc/
Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003
Recent Stories from Robbins Umeda LLP
l Robbins Umeda LLP Announces an Investigation of Penson Worldwide, Inc.
September 06, 2011
SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP announces an investigation into
Penson Worldwide, Inc. (NASDAQ: PNSN) following allegations members of the Board misled investors
and conce... more »
l The Law Office of Robbins Umeda LLP Announces Class Action Suit against Constellation Energy Group,
September 01, 2011
SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP announces filing of class action
complaint against Constellation Energy Group, Inc. (NYSE: CEG) for shareholders for violations of the
Secu... more »
l Robbins Umeda LLP Announces an Investigation of CIBER, Inc.
August 31, 2011
SAN DIEGO--(EON: Enhanced Online News)--Robbins Umeda LLP, a shareholder rights litigation firm,
has commenced an investigation into violations of the law by certain officers and directors at CIBER... more »