NEW YORK–(BUSINESS WIRE)–
The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF RTI INTERNATIONAL METALS, INC. PRIOR TO MARCH 9, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of RTI International Metals, Inc. (RTI) (“RTI” or the “Company”) to Alcoa Inc. (AA). Click here to learn more about the action: http://zlk.9nl.com/rti-international-metals-rti. There is no cost or obligation to you.
The Board of Directors of RTI agreed to sell the company to Alcoa Inc. Under the terms of the transaction, RTI shareholders will receive 2.8315 shares of Alcoa common stock for each share of RTI stock they own; based on the previous close of $14.48 for Alcoa on March 6, 2015, this represents an approximate value of $41.00 per RTI share. The investigation concerns whether the Board of RTI breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Alcoa Inc. is underpaying for RTI shares.
If you own RTI 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/rti-international-metals-rti.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have 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.
- Investment & Company Information
- RTI INTERNATIONAL METALS, INC.
- Alcoa Inc.
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