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Courier Corp. (CRRC)

(Nasdaq: CRRC)

Summary

COURIER CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Courier Corp. (CRRC) Over the Proposed Sale of the Company to Quad/Graphics, Inc. (QUAD)

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 Courier Corp. (“Courier” or the “Company”) (Nasdaq: CRRC) for potential breaches of fiduciary duties in connection with the sale of the Company to Quad/Graphics, Inc. (“Quad/Graphics”) (NYSE: QUAD) for approximately $260 million, including $25 million in net debt. Courier shareholders will have the option to receive either $20.50 in cash or 0.9301 shares of Quad common stock for each share of Company stock they own. Based on Quad/Graphics closing price on January 16, 2015, the stock value of the deal would only be $19.49 per share. Moreover, at least one analyst has set a price target of $21.00 for Courier shares.

The investigation focuses on whether Courier’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Courier’s shareholders.

If you own common stock in Courier 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.

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 01/19/2015

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