Monday, December 21, 2009

BPW Acquisition Corp. Board Subject to Investigation

An analysis on account of accepted investors BPW Acquisition Corp. (Public, AMEX:BPW), who purchased the BPW shares afore December 08, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount was announced.

Those who currently are investors in shares of BPW Acquisition Corp. (AMEX:BPW), and purchased the shares afore December 08, 2009, and/or accept added advice apropos to the investigation, you should acquaintance the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of BPW Acquisition arising out of their attack to advertise BPW Acquisition Corp. to The Talbots, Inc. (NYSE: TLB). On December 08, 2009 BPW Acquisition Corp. (AMEX: BPW) appear that it has entered into a absolute alliance acceding pursuant to which it will be acquired by The Talbots, Inc. (NYSE: TLB). Under the agreement of the alliance acceding BPW accepted shares will be exchanged for the agnate of $11.25 per BPW allotment in Talbots’ accepted shares aural a amphibian barter arrangement ambit of amid 0.9000 – 1.3235 Talbots shares per BPW share, based on the trading prices of Talbots accepted banal above-mentioned to the BPW stockholders meeting.

But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of BPW Acquisition Corp. (Public, AMEX:BPW) because the “offer to acquirement BPW Acquisition Corp. (BPW) appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn” and is “grossly unfair, inadequate, and essentially below the fair or inherent amount of BPW”. Shares of BPW Acquisition Corp. (BPW) traded afterwards the advertisement amid $10.55 and $10.00. BPW shares traded at about $9.90 per allotment afore the announcement. The analysis “concerns whether the BPW Acquisition Corp. Board of Directors aperture their fiduciary duties to BPW Acquisition Corp. (BPW) shareholders by accordant to advertise the BPW at an arbitrary amount thereby harming BPW Acquisition Corporation and its shareholders”, “whether the admiral of BPW Acquisition Corp. may accept breached their fiduciary duties by not acting in BPW shareholders' best interests”, and “the Company may not accept abundantly shopped itself about afore entering into this transaction and, pursuant to this proposed transaction, the Talbots, Inc may be underpaying for BPW Acquisition Corp., appropriately unlawfully harming BPW shareholders”. BPW Acquisition Corp., amid in Stamford, CT, is a bare analysis aggregation accustomed to aftereffect a merger, basic banal exchange, asset acquisition, banal purchase, about-face or added agnate business aggregate with one or added operating businesses. The Company focuses on a business aggregate or combinations in the banking casework or business casework industries.

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