Law Firm Brower Piven Announces Investigation Of Consolidated Graphics, Inc. Proposed Buyout
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Consolidated Graphics, Inc.
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Consolidated Graphics, Inc. (“Consolidated Graphics” or the “Company”) (NYSE: CGX) and other violations of state law by the board of directors of Consolidated Graphics relating to the proposed buyout of the Company by R.R. Donnelley & Sons Company (“RR Donnelley”). The firm’s investigation seeks to determine, among other things, whether the board of directors of Consolidated Graphics breached their fiduciary duties by failing to maximize shareholder value. According to the press release announcing the proposed buyout, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed exchange ratio of 1.651 RR Donnelley shares for each outstanding share of Consolidated Graphics they own, or $62.00 per share based on RR Donnelley’s closing share price on October 23, 2013. According to Yahoo! Finance, the high analyst price target is $65.00 per Consolidated Graphics share. If you currently own common stock of Consolidated Graphics and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.