CONSOLIDATED GRAPHICS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Consolidated Graphics, Inc. (CGX) Over the Proposed Sale of the Company to R.R. Donnelley (RRD)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Consolidated Graphics, Inc. (“Consolidated Graphics” or the “Company”) (NYSE: CGX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to R.R. Donnelley (RRD) in a cash and stock deal valued at approximately $620 million. Under the terms of the proposed transaction, Consolidated Graphics’ stockholders will receive $34.44 in cash and a fixed exchange ratio of 1.651 R.R. Donnelley shares for each outstanding share of Consolidated Graphics they own for a total of roughly $62 per share based on R.R. Donnelley's closing share price on October 23rd. According to Yahoo! Finance, at least one analyst has set a price target of $65 for Consolidated Graphics.
The investigation focuses on whether Consolidated Graphics’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Consolidated Graphics’ shareholders.
If you own common stock in Consolidated Graphics and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.