NEW YORK, April 7, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Schawk, Inc. ("Schawk" or "the Company") (NYSE:SGK), marketed as SGK, of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the company in connection with the sale of the Company to Matthews International Corp. ("Matthews") (Nasdaq:MATW). A complaint was filed in Delaware state court.
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Under the terms of the transaction, Schawk shareholders will receive $11.80 in cash and 0.20582 shares of Matthews stock for each share of Schawk stock they own, representing a value of approximately $20 per share. The claims concern whether the Schawk Board breached their fiduciary duties to stockholders by engaging in an unfair and inadequate sales process to the detriment of common shareholders. The Schawk family and family trusts account for 61% of the Company's shares, and David A. Schawk will lead the combined business following the completion of the merger.
If you own Schawk common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/schawk-sgk.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP