Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Graham Packaging Company Inc. - GRM
April 15 2011 - 12:55PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Graham Packaging Company Inc. (“Graham Packaging” or
the “Company”) (NYSE: GRM) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Silgan Holdings Inc. (“Silgan”) (NasdaqGS: SLGN) for
approximately $4.1 billion in cash and stock, including the
assumption of debt. The proposed transaction offers Graham
Packaging shareholders $4.75 per share in cash and 0.402 Silgan
shares in exchange for each Graham Packaging share they hold,
valuing the Company at about $22.86 a share, based on Thursday’s
close.
Request more information now by clicking here:
www.faruqilaw.com/GRM
Whether the Graham Packaging’s Board of Directors breached their
fiduciary duties to Graham Packaging’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Graham Packaging’s shares and by
how much this proposed transaction undervalues the Company to the
detriment of Graham Packaging shareholders are the key focus of
this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Graham Packaging and wish to obtain
additional information, please visit us at www.faruqilaw.com/GRM or
contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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