NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of White River Capital, Inc. ("White
River" or the "Company") (NYSE MKT: RVR) concerning the proposed
acquisition of the Company by Parthenon Capital Partners
("Parthenon") in a transaction valued at approximately $79.5 million.
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)
On November 20, 2012, it was
announced that White River and Parthenon have entered into a
definitive agreement pursuant to which Parthenon will acquire White
River. Under the terms of the transaction, White River
shareholders will receive $21.93 in
cash per share held. White River stock has consistently
closed above the offer price since at least March 2012 and closed above $22.00 per share as recently as November 9, 2012.
Our investigation concerns whether the White River board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own White River shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:bsachsmichaels@hfesq.com
Website:http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2012 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP