NEW YORK, March 2, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Checkpoint Systems, Inc. ("Checkpoint" or the "Company") (NYSE: CKP) (ISIN: US1628251035) (CUSIP: 162825103) concerning the proposed acquisition of Checkpoint by CCL Industries Inc.
Checkpoint shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 9980.
The investigation concerns whether the Checkpoint directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, Checkpoint shareholders will be entitled to receive $10.15 in cash for each share of Checkpoint common stock.
An analyst recently set a price target for Checkpoint Systems, Inc. at $13 a share. Moreover, the Revenue, Total Assets, and Book Value multiples are below the averages of comparable transactions, according to a Bloomberg analysis. The stock also traded higher than the offer price less than a year ago.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 9980
SOURCE Pomerantz LLP