Pomerantz Law Firm Investigates Claims on Behalf of Investors of The Warnaco
NEW YORK -- November 01, 2012
Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on
behalf of investors of The Warnaco Group, Inc. (“Warnaco” or the “Company”)
(NYSE: WRC) (ISIN: US9343904028) concerning the proposed acquisition of
Warnaco by PVH Corp. in a cash and stock transaction valued at approximately
The investigation concerns whether the Warnaco directors are breaching their
fiduciary duties by failing to adequately shop the Company and maximize
shareholder value. Under the terms of the agreement, Warnaco shareholders
would receive $51.75 in cash and 0.1822 of a share of PVH Corp. common stock
for each share of Warnaco common stock, for a total of $68.43 per Warnaco
common share. However, at least one analyst set a target price for Warnaco of
$75.00 per share.
Warnaco shareholders seeking more information about this acquisition are
advised to contact Samuel J. Adams at firstname.lastname@example.org or 212-661-1100 or
888-476-6529, ext. 300.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Samuel J. Adams, 212-661-1100 ext. 300
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