Levi & Korsinsky is investigating the Board of Directors of Solutia Inc. ("Solutia" or the "Company") (NYSE: SOA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Eastman Chemical (NYSE: EMN). Under the terms of the agreement, Solutia shareholders will receive $22 and 0.12 of an Eastman Chemical common share for each Solutia share they own; this represents a value of approximately $27.65 per share. The transaction has a total approximate value of $3.38 billion in cash and stock.
Click here to learn how to join the action: http://www.zlk.com/solutia-soa, or call: 877-363-5972.
The investigation concerns whether the Solutia Board of Directors breached their fiduciary duties to Solutia stockholders by failing to adequately shop the Company before entering into this transaction and whether Eastman Chemical is underpaying for Solutia shares, thus unlawfully harming Solutia stockholders. In particular, at least one analyst set a price target for Solutia stock at $31.00 per share.
If you own common stock in Solutia and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax:
212-363-7171
www.zlk.com
