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: contact@tripplevy.com
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