SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of S...
04 Avril 2014 - 11:34PM
Business Wire
Rigrodsky & Long, P.A. announces a complaint alleging
breaches of fiduciary duty and other violations of law has been
filed in the Delaware Court of Chancery against the board of
directors of Schawk, Inc. (“Schawk” or the “Company”) (NYSE: SGK)
in connection with the Company’s entry into an agreement to be
acquired by Matthews International Corporation (“Matthews”) (NASDAQ
GS: MATW), in a transaction valued at approximately $577
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/schawk-inc-sgk.
Under the terms of the agreement, public shareholders of Schawk
will receive $11.80 in cash and 0.20582 shares of Matthews common
stock for each share of Schawk they own. Based on Matthews’ closing
stock price on March 14, 2014, Schawk shareholders would have
received consideration valued at approximately $20.00 per
share.
The complaint alleges that Schawk’s board of directors failed to
adequately shop the Company and obtain the best possible value for
Schawk’s shareholders before entering into an agreement with
Matthews.
If you own the common stock of Schawk and purchased your shares
before March 17, 2014, and would like to learn more about these
allegations, please contact Seth D. Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803, by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/schawk-inc-sgk.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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