Shareholders Fight Cerberus' Bid For BlueLinx

Law360, New York (August 17, 2010, 5:44 PM EDT) -- Shareholders have filed at least three proposed class actions in an attempt to block an affiliate of Cerberus Capital Management LP from purchasing the remaining stock of BlueLinx Holdings Inc., accusing the fund of offering too little for the poised-for-growth building products distributor.

Stockholders filed lawsuits Friday in the New York State Supreme Court and the Delaware Chancery Court alleging that the purchase price offered earlier in August by Cerberus ABP Investor LLC — $3.40 in cash per share for the common stock it doesn't already...
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