|[December 31, 2013]
SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Announces Investigation of VITRAN CORPORATION INC. and Its Board of Directors In Connection with the Sale of the Company to TransForce Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Vitran
Corporation Inc. ("Vitran" or "the Company") (NasdaqGS: VTNC) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to TransForce Inc.
Click here to learn more about the action http://zlk.9nl.com/vitran-vtnc,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, TransForce has agreed to acquire all f
the outstanding common shares of Vitran not already owned by TransForce
for $6.50 in cash. The total transaction is valued at approximately $136
million, including net debt. The investigation concerns whether the
Company's Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether TransForce is underpaying
for Vitran shares.
If you own Vitran 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/vitran-vtnc.
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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