NEW YORK, Jan. 16, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Courier Corporation ("Courier") (Nasdaq:CRRC), concerning the proposed acquisition of Courier by Quad/Graphics, Inc. (NYSE: QUAD). Courier shareholders seeking more information about this acquisition are advised to contact Carl Stine at (212) 759-4600 or [email protected].
The investigation concerns whether Courier's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Courier's shareholders will receive the equivalent of a total purchase price of $20.50 per share, consisting of cash and shares of Quad/Graphics Class A common stock. Each Courier shareholder will have the right to elect to receive cash or Quad/Graphics common stock, subject to proration in the event that shareholders elect to receive more than 54% cash or more than 46% stock. The proposed transaction is valued at approximately $260 million, including $25 million in net debt and capital leases as of December 31, 2014.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP