WAYNE, Pa., Nov. 8, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP announces that Mac-Gray Corp. ("Mac-Gray" or the
"Company") (NYSE: TUC) recently filed a preliminary proxy
with the SEC, and we are investigating potential claims against the
board of directors of Mac-Gray concerning possible breaches of
fiduciary duty and other violations of law related to the Company's
efforts to sell the Company to CSC ServiceWorks, Inc. ("CSC") in a
deal valued at approximately $524
million.
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If you own shares of Mac-Gray and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/tuc. You may also email Mr. Maniskas
at rmaniskas@rmclasslaw.com.
Under the terms of the proposed transaction, Mac-Gray's
stockholders will receive $21.25 for
each share of Mac-Gray common stock they own.
The investigation concerns whether Mac-Gray's board of directors
failed to adequately shop the Company and obtain the best possible
value for Mac-Gray's shareholders before entering into an agreement
with CSC.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT:
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Ryan &
Maniskas, LLP
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Richard A.
Maniskas, Esquire
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995 Old
Eagle School Rd., Suite 311
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Wayne, PA
19087
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877-316-3218
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www.rmclasslaw.com/cases/tuc
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP