Faruqi and Faruqui, LLP Logo
Share this page

Mac-Gray Corporation (TUC)



MAC-GRAY SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mac-Gray Corporation (TUC) Over the Proposed Sale of the Company to CSC Serviceworks, Inc. (CSC)

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 Mac-Gray Corporation (“Mac-Gray” or the “Company”) (NYSE: TUC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CSC ServiceWorks, Inc. (“CSC”) in a cash deal valued at approximately $524 million.  Under the terms of the proposed transaction, Mac-Gray’s stockholders will receive $21.25 for each share of Mac-Gray common stock they own.

The investigation focuses on whether Mac-Gray’s 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 Mac-Gray’s shareholders. 

If you own common stock in Mac-Gray and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Mac-Gray Corporation (TUC)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 10/15/2013

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.