NEW YORK, Sept. 30, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Boise Inc. ("Boise" or the "Company") (NYSE:BZ) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Packaging Corporation of America (NYSE:PKG). A complaint was filed in Delaware state court.
Click here to learn more about the case http://zlk.9nl.com/boise-bz/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Boise shareholders will receive $12.55 for each share of Boise stock they own. The transaction has a total approximate value of $1.995 billion, including the assumption of debt. The claims concern whether the Boise Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter this transaction, and whether Packaging Corporation of America is underpaying for Boise shares.
If you own Boise common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/boise-bz/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has 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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP