|[April 04, 2014]
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Schawk, Inc.
WILMINGTON, Del. --(Business Wire)--
& 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 firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/schawk-inc-sgk.
& 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.
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