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CLARCOR Inc. (CLC)

NYSE:CLC

Summary

Faruqi & Faruqi, LLP Announces the Investigation of CLARCOR Inc. (CLC) Over the Proposed Sale of the Company to Parker Hannifin Corporation

Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CLARCOR Inc. (“CLARCOR” or the “Company”) (NYSE:CLC) for potential breaches of fiduciary duties in connection with the sale of the Company to Parker Hannifin Corporation for approximately $4.3 billion. The Company’s stockholders will only receive $83.00 in cash for each share of Company common stock they own.

The investigation focuses on whether CLARCOR’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 CLARCOR’s shareholders.

If you own common stock in CLARCOR and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at nfaruqi@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.  You may also contact Juan E. Monteverde, Esq.  either via email at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

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  • Company:
    CLARCOR Inc. (CLC)
  •    

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Contact Counsel

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

Email:

Case Details

Date:

  • 12/09/2016

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