MEADWESTVACO CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of MeadWestvaco Corp. (MWV) Over the Proposed Sale of the Company to Rock-Tenn Company (RKT)
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 MeadWestvaco (“MeadWestvaco” or the “Company”) (Nasdaq: MWV) for potential breaches of fiduciary duties in connection with the sale of the Company to Rock-Tenn Company (Nasdaq: RKT) for approximately $9.7 billion. The Company’s stockholders will receive 0.78 shares for each share of MeadWestvaco common stock they own. Rock-Tenn shareholders can elect to receive one share of the merged entity, or a cash amount equal to the volume weighted average price of Rock-Tenn shares over a five-day period ending three-days before the deal closes.
The investigation focuses on whether MeadWestvaco’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 MeadWestvaco’s shareholders.
If you own common stock in MeadWestvaco and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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