Investigation of RTI International Metals, Inc. Potential Breach of Fiduciary Duty and Other Violations

Strategic Insights -

Ryan & Maniskas, LLP, a national shareholder litigation firm, is investigating potential claims against the board of directors of RTI International Metals, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Alcoa Inc. in a transaction valued at approximately $1.5 billion. Shareholders of RTI will receive 2.8315 shares of Alcoa common stock for each share of RTI common stock they hold, valued at approximately $41.00 per share based on Alcoa's closing stock price on March 6, 2015.

Key Takeaways:

  • Investigation into potential breaches of fiduciary duty and other violations of state law by the Board of Directors of RTI in connection with the sale process to Alcoa Inc.
  • Shareholders of RTI will receive 2.8315 shares of Alcoa common stock for each share of RTI common stock they hold
  • Consideration valued at approximately $41.00 per share based on Alcoa's closing stock price on March 6, 2015
  • Ryan & Maniskas, LLP is a national shareholder litigation firm devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide
  • Investigation is being led by Richard A. Maniskas, Esquire, who can be contacted toll-free at (877) 316-3218 or via email at rmaniskas@rmclasslaw.com
  • Interested shareholders can sign up online through the firm's website

Statistics:

  • Transaction value: approximately $1.5 billion
  • Consideration per share: approximately $41.00 per share
  • Number of shares exchanged: 2.8315 shares of Alcoa common stock for each share of RTI common stock held

Sources:

  • "Ryan & Maniskas, LLP Announces Investigation of RTI International Metals, Inc." (PR Newswire, March 10, 2015)