BALA CYNWYD, Pa., March 17, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Schawk, Inc. ("Schawk" or the "Company") (NYSE: SGK) relating to the proposed acquisition by Matthews International Corporation ("Matthews").
Click here for more information about the investigation http://brodsky-smith.com/731-sgk-schawk-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Are the Terms of the Transaction Fair?
Under the terms of the transaction, Schawk shareholders will receive only $11.80 in cash and 0.20582 shares of Matthews common stock for each share of Schawk stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Hastings for not acting in the Company's shareholders' best interests in connection with the sale process. The Schawk family and their family trusts own approximately 61% of the common stock of the Company. In addition, following the transaction, Schawk's CEO is expected to remain with the Company and have a seat on the Board. This calls into question if the minority shareholders of Schawk are being treated fairly.
Information For Shareholders
If you own shares of Schawk common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Attorneys at Law
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Law Office of Brodsky & Smith, LLC