March 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Tumi Holdings Inc (NYSE:TUMI), was announced concerning whether the takeover of Tumi Holdings Inc. by Samsonite International S.A. for $26.75 per share is unfair to NYSE:TUMI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Tumi Holdings Inc breached their fiduciary duties owed to NYSE:TUMI investors in connection with the proposed acquisition.

On March 3, 2016, Samsonite International S.A. and Tumi Tumi Holdings Inc (NYSE:TUMI) announced that they have entered into an agreement whereby Samsonite will acquire Tumi Holdings Inc (NYSE:TUMI) for US$26.75 per share in an all cash transaction, valuing Tumi Holdings Inc at an equity value of US$1.8 billion.

However, the investigation concerns whether the offer is unfair to NYSE:TUMI stockholders. More specifically, the investigation concerns whether the Tumi Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Tumi Holdings Inc reported that its annual Total Revenue rose from $398.55 million in 2012 to $547.65 million in 2015 and that its respective Net Income increased from $36.78 million in 2012 to $63.01 million in 2015.