Buy custom Alltel Stockholders File Suits Over Proposed $24.7 Billion Buyout
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Business
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but will enrich the directors significantly."
Another suit was also filed Monday in Pulaski County, by the Russellville-based Streett Law Firm and the New York-based Faruqi & Faruqi law firm, on behalf of shareholder Jaime Suprina. The suit says Merrill Lynch and Co. and JPMorgan Chase & Co.'s JP Morgan Securities Inc...
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The suit says Merrill Lynch and Co. and JPMorgan Chase & Co.'s JP Morgan Securities Inc. unit, which advised Alltel along with Little Rock-based Stephens Group Inc., have a close relationship with TPG Capital or GS Capital.
"There is absolutely no basis upon which the shareholders ... can independently determine the appropriateness of the decision (by Alltel's board) to accept" the offer of TPG and GS Capital, the suit says...
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Alltel Stockholders File Suits Over Proposed $24.7 Billion Buyout
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