Law Firm Brower Piven Announces Investigation of Consolidated Graphics, Inc. Proposed Buyout
21 Novembre 2013 - 11:15PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Consolidated Graphics,
Inc. (“Consolidated Graphics” or the “Company”) (NYSE: CGX) and
other violations of state law by the board of directors of
Consolidated Graphics relating to the proposed buyout of the
Company by R.R. Donnelley & Sons Company (“RR Donnelley”). The
firm’s investigation seeks to determine, among other things,
whether the board of directors of Consolidated Graphics breached
their fiduciary duties by failing to maximize shareholder
value.
According to the press release announcing the proposed buyout,
Consolidated Graphics shareholders will receive a combination of
$34.44 in cash and a fixed exchange ratio of 1.651 RR Donnelley
shares for each outstanding share of Consolidated Graphics they
own, or $62.00 per share based on RR Donnelley’s closing share
price on October 23, 2013. According to Yahoo! Finance, the
high analyst price target is $65.00 per Consolidated Graphics
share.
If you currently own common stock of Consolidated Graphics and
would like to learn more about the investigation being conducted by
Brower Piven, you may email or call Brower Piven, who will, without
obligation or cost to you, attempt to answer your questions. You
may contact Brower Piven by email at hoffman@browerpiven.com, by
calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and other class action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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