An investigation for investors in NYSE:CKP shares was announced over potential wrongdoing in the acquisition of Checkpoint Systems, Inc. by CCL Industries Inc for $10.15 per share.
Investors who purchased shares of Checkpoint Systems, Inc. (NYSE:CKP) and currently hold any of those NYSE:CKP shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Checkpoint Systems directors breached their fiduciary duties owed to NYSE:CKP investors in connection with the proposed acquisition.
On March 2, 2016, Checkpoint Systems, Inc. (NYSE:CKP) announced that it has entered into an agreement to be acquired by an affiliate of CCL Industries Inc. for $10.15 per share in cash, for a total transaction value of approximately$443 million.
However, given that at least one analyst has set the high target price for NYSE:CKP shares at $13.00 per share, the investigation concerns whether the offer is unfair to NYSE:CKP stockholders. More specifically, the investigation concerns whether the Checkpoint Systems Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On March 16, 2016, Checkpoint Systems, Inc. (NYSE:CKP) shares closed at $10.33 per share.
Those who are current investors in NYSE:CKP shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego