I am not sure why RRD buy this comapny with a PE of 20. RRD is diluting their shareeholder value. CGX seems regional player and does not pay a dime in dividend. In my opinion, RRD needs to pul out from this deal. Any analysis or opinion?
Tripp Levy PLLC, a leading securities and shareholder rights law firm announces that the preliminary proxy in connection with the buyout of Consolidated Graphics has been filed. If you are a shareholder of CGX and would like a copy of the proxy and an explanation of how it affects your rights as a shareholder please contact us at 1-877-772-3975.
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that the definitive merger agreement between Consolidated Graphics and RR Donnely has been filed. If you would like a copy of the agreement along with an explanation as to how it may affect your rights as a shareholder, please contact us toll free at 1-877-772-3975
Tripp Levy PLLC is the law firm responsible for this announcement. Tripp Levy PLLC is a law firm that assists in the prosecution of cases on behalf of shareholders nationwide. The firm has extensive experience in mergers and takeovers and has recovered millions for shareholders. Attorney advertising. Prior results do not indicate a similar outcome.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Consolidated Graphics, Inc. (“Consolidated Graphics” or the “Company”) (NYSE: CGX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by R.R. Donnelley & Sons Company (“RRD”) (NASDAQ GS: RRD) in a transaction valued at approximately $620 million.
Under the terms of the agreement, public shareholders of Consolidated Graphics would receive a combination of $34.44 in cash and a fixed exchange ratio of 1.651 shares of RRD common stock for each share of the Company they own. Based on RRD’s closing stock price on October 23, 2013, the Company's shareholders would have received consideration valued at approximately $62.00 per share.
The investigation concerns whether the Company’s board of directors failed to adequately shop the Company and obtain the best possible value for Consolidated Graphics’s shareholders before entering into an agreement with RRD. According to Yahoo! Finance, at least one analyst has set a price target for Consolidated Graphics stock at $65.00 per share.
If you own the common stock of Consolidated Graphics and purchased your shares before October 24, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Gina Serra at Rigrodsky & Long, 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242.
Rigrodsky & Long regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Consolidated Graphics, Inc. on behalf of its shareholders. R. R. Donnelley & Sons Company (RRD) and Consolidated Graphics, Inc. (CGX) jointly announced today that they have signed a definitive agreement by which RR 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 RR Donnelley shares for each outstanding share of Consolidated Graphics they own or $62 per share based on RR Donnelley's closing share price on October 23rd. This consideration represents a transaction value of approximately $620 million, plus the assumption of Consolidated Graphics' net debt.
The investigation concerns whether the senior management and board of directors of CGX 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 CGX 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 are a CGX shareholder and would like additional information as to how this acquisition affects your rights as a shareholder, please contact us at no cost to 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy PLLC is a national law firm with extensive experience in mergers and takeovers and has recovered millions for shareholders around the globe. Attorney Adversting. Prior results do not indicate similar outcome.