NEW YORK, Nov. 13, 2014 /PRNewswire/ — Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Horizon Lines, Inc. (“Horizon” or the “Company”) (OTC: HRZL) concerning the proposed acquisition of the Company by Matson, Inc. (“Matson”).
Under the terms of the transaction, Matson would acquire Horizon in a transaction valued at approximately $456 million. Horizon stockholders are being offered $0.72 in cash for each share of Horizon owned.
Our investigation concerns whether the Horizon board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders, including whether the board adequately shopped the Company before agreeing to be acquired by Matson.
If you own Horizon shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP