An investigation was announced for investors in NYSE:MPSX shares concerning whether the takeover of Multi Packaging Solutions International Ltd. by WestRock Company for $18.00 per share is unfair to NYSE:MPSX stockholders.
Investors who purchased shares of Multi Packaging Solutions International Ltd (NYSE:MPSX) and currently hold any of those YSE:MPSX 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 directors of Multi Packaging Solutions International Ltd breached their fiduciary duties owed to Multi NYSE:MPSX investors in connection with the proposed acquisition.
On January 24, 2017, WestRock Company (NYSE:WRK) and Multi Packaging Solutions International Ltd (NYSE:MPSX) announced today that a definitive agreement has been reached for WestRock to acquire all of the outstanding shares of MPS for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion.
However, given that the two largest shareholders of MPS, representing approximately 57% of the shares outstanding, have already agreed to vote all of their shares in favor of the transaction, the investigation concerns whether the offer is unfair to MNYSE:MPSX stockholders. More specifically, the investigation concerns whether the Multi Packaging Solutions International 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.
Shares of Multi Packaging Solutions International Ltd (NYSE:MPSX) closed on February 28, 2017 at $17.82 per share.
Those who are current investors in NYSE:MPSX shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego