The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Grah...
April 13 2011 - 12:06PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Graham Packaging Company Inc. (“Graham Packaging” or the “Company”)
(NYSE: GRM) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Silgan Holdings Inc. Under the terms of the transaction, Graham
Packaging shareholders will receive $4.75 in cash and 0.402 shares
of Silgan common stock per Graham Packaging share they own. The
transaction values Graham packaging stock at approximately $19.56
per share for a total transaction value of approximately $4.1
billion, including the assumption of debt.
Click here to learn how to join the action:
http://www.zlk.com/graham-packaging-grm.html, or call:
877-363-5972.
The investigation concerns whether the Graham Packaging Board of
Directors breached their fiduciary duties to Graham Packaging
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Silgan Holdings Inc. is
underpaying for Graham Packaging shares, thus unlawfully harming
Graham Packaging stockholders. In particular, at least one analyst
set a price target of $22.00 per share.
If you own common stock in Graham Packaging and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/graham-packaging-grm.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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