HORIZON LINES, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Horizon Lines, Inc. (HRZL) Over the Proposed Sale of the Company to Matson, Inc. (MATX)
News Release from Faruqi & Faruqi, LLP, November 14, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Horizon Lines, Inc. (“Horizon” or the “Company”) (OTC: HRZL) for potential breaches of fiduciary duties in connection with the sale of the Company to Matson, Inc. The Company’s stockholders will only receive $0.72 for each share of Horizon common stock they own.
The investigation focuses on whether Horizon’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Horizon’s shareholders.
If you own common stock in Horizon and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.
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TW: Horizon Lines could be the target of a class action suit being pieced together by New York lawyers.
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