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SGK News

Why Schawk (SGK) Hit a One-Year High Today

Schawk (SGK) hit a one-year high of $20.34 on Monday after Matthews International (MATW) announced it would acquire the company for an implied price of $20 a share based on Matthews' closing price on Friday, March 14, 2014. Matthews announced that Schawk's stockholders would receive $11.80 a share and 0.20582 shares of Matthews' common stock for each share of Schawk they hold, which places the value of the deal at approximately $577 million. Shortly after the announcement, though, multiple law firms announced they had begun investigations into the deal to determine whether Schawk's board of directors failed to adequately shop the company and maximize value for its shareholders.

Schawk Inc. Stock Downgraded (SGK)

Schawk (NYSE:SGK) has been downgraded by TheStreet Ratings from from a buy to hold.

Schawk Inc. Stock Upgraded (SGK)

Schawk (NYSE:SGK) has been upgraded by TheStreet Ratings from a hold to buy.

Schawk Stock Soars (SGK)

Shares of Schawk (NYSE:SGK) have taken a tremendous swing upward. The stock is trading at $10.86 as of 3:56 p.m. ET, 20.5% above Monday's closing price of $9.01. Volume is at 38,535, 0.8 times the daily average of 47,200.

Schawk Inc. Stock Downgraded (SGK)

Schawk (NYSE:SGK) has been downgraded by TheStreet Ratings from from a buy to hold.

Breaking News

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Nvidia stock is being bought on the dip. Here's how traders should approach it now.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.