NEW YORK, Aug. 14, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Coast Distribution System, Inc. ("Coast Distribution" or the "Company") (NYSE MKT:CRV) for potential breaches of fiduciary duties in connection with the sale of the Company to LKQ Corporation for approximately $29 million in a cash transaction.
The Company's stockholders will only receive $5.50 for each share of Company common stock they own. The offer represents a negligible premium over the Company's opening price per share of $5.48 on Tuesday, August 11, and the stock is expected to continue climbing.
Click here for more information: www.faruqilaw.com/CRV. There is no cost or obligation to you.
The investigation focuses on whether Coast Distribution's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Coast Distribution's shareholders.
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If you own common stock in Coast Distribution and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CRV or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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