WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Schawk, Inc. (NYSE: SGK)?
- Did you purchase any of your shares prior to March 17, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Schawk, Inc. (“Schawk” or the “Company”) (NYSE: SGK) regarding possible breaches of fiduciary duties and other violations of law related to 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 investigation concerns whether 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, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, 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 email@example.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.
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