Investor Alert - Consolidated Graphics - Law Firm Seeks Higher Merger Consideration And More Information For Shareholders In Connection With Its Acquisition By R.R. Donnelley
NEW YORK, Oct. 24, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Consolidated Graphics, Inc. (NYSE: CGX) on behalf of its shareholders. R.R. Donnelley & Sons Company (NASDAQ: RRD) and Consolidated Graphics, Inc. jointly announced today that they have signed a definitive agreement by which R.R. Donnelley will acquire Consolidated Graphics.
Under the terms of the transaction, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed exchange ratio of 1.651 R.R. Donnelley shares for each outstanding share of Consolidated Graphics they own or $62 per share based on R.R. Donnelley's closing share price on October 23rd.
The investigation concerns whether the senior management and board of directors of Consolidated Graphics breached their fiduciary duties to shareholders by not engaging in a full and fair process to insure that its shareholders received the maximum value for their shares. Indeed, the merger offer is BELOW what Consolidated Graphics was trading at the day prior to when the deal was announced ($63.60) and is below what analysts have projected the true inherent value of the stock is ($65).
If you would like additional information as to how this acquisition of Consolidated Graphics affects your rights as a shareholder, please contact us at:
Tripp Levy PLLC
New York, New York
Toll Free: 1-877-772-3975
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC is a national law firm and has recovered millions of dollars for shareholders around the globe in mergers and takeover matters. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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