NEW YORK--(BUSINESS WIRE)--Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”), a leading securities law firm, announces that it is investigating the acquisition of Schawk, Inc. (NYSE:SGK). The Company announced this morning that it had entered into an agreement with Matthews International Corporation (NASDAQ:MATW) to be acquired for $11.80 in cash and 0.20582 shares of Matthews’ common stock, representing a purchase price of $20.00 per share.
The investigation concerns whether the Schawk, Inc. board of directors has breached their fiduciary duties by failing to maximize value for shareholders and whether the process benefits the controlling family shareholders to the detriment of non-affiliated investors. Schawk family members and related trusts own 61% of the outstanding shares, thus non-affiliated shareholders effectively have no say in the outcome of the shareholder vote.
Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.
If you are a shareholder of Schawk, Inc. and would like additional information as to how the acquisition may affect your rights as a shareholder, please contact us at:
Patrick Donovan, Esq.
Director of Case and Financial Analysis
Wolf Haldenstein Adler Freeman & Herz LLP
270 Madison Avenue
New York, New York 10016