Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of MOD-PAC Corp. (MPAC)
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 MOD-PAC Corp. (“MOD-PAC” or the “Company”) (NasdaqGM: MPAC) for potential breaches of fiduciary duties in connection with the proposed going private acquisition by the Company’s President, CEO, Chairman, and their affiliates and associates. Under the terms of the proposed transaction, MOD-PAC’s stockholders will receive only $8.40 for each share of MOD-PAC common stock they own even though MOD-PAC stock traded at $8.60 as recently as March 5, 2013.
The investigation focuses on whether MOD-PAC’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 MOD-PAC’s shareholders.
If you own common stock in MOD-PAC 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.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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