Press Releases
Stull, Stull & Brody Announces Investigation On Behalf Of Shareholders Of Bowne & Co., Inc.
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of Bowne & Co., Inc. (“Bowne” or the “Company”) (NYSE: BNE) for possible breaches of fiduciary duty and other violations of state law by the Company’s Board of Directors (the “Board”) in connection with an agreement by the Board to sell all of the Company’s outstanding common shares to R.R. Donnelley & Sons Company (“Donnelley”) in a cash transaction valued at approximately $481 million or $11.50 per common share.
The current investigation concerns the price to be paid by Donnelley to Bowne shareholders and the process by which the Board is addressing the transaction. Under the terms of the proposed transaction, Bowne shareholders will receive $11.50 per share in cash. Bowne had revenues of approximately $675 million during 2009. Bowne’s revenue increased 8% during the fourth quarter of 2009, while its gross profit improved by 36%. If you own the common stock of Bowne and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45 th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody has offices in New York and Los Angeles. Additional information about Stull, Stull & Brody can be found at the firm’s website at www.ssbny.com. Attorney advertising. Prior results do not guarantee a similar outcome.TheStreet Premium Services
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