SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Checkpoint Systems, Inc. & Encourages In...
March 08 2016 - 4:01PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it is investigating
potential legal claims against the board of directors of Checkpoint
Systems, Inc. (“Checkpoint” or the “Company”) (NYSE: CKP)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by an affiliate of CCL Industries Inc., in a
transaction valued at approximately $443 million.
Under the terms of the agreement, shareholders of Checkpoint
will receive $10.15 in cash for each share of Checkpoint common
stock held. The firm’s investigation seeks to determine, among
other things, whether the Company’s Board of Directors failed to
satisfy their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock. According to Yahoo! Finance, at least one
analyst has issued a price target for Checkpoint stock at $13.00
per share.
If you currently own the Company’s common stock and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160308006716/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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