House & Home
Fri, May 6, 2011Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Mon, May 2, 2011Sun, May 1, 2011Fri, April 29, 2011Thu, April 28, 2011Wed, April 27, 2011Tue, April 26, 2011Mon, April 25, 2011Sun, April 24, 2011Fri, April 22, 2011Thu, April 21, 2011Wed, April 20, 2011Tue, April 19, 2011Mon, April 18, 2011Sun, April 17, 2011Fri, April 15, 2011Thu, April 14, 2011Wed, April 13, 2011Tue, April 12, 2011Mon, April 11, 2011Sat, April 9, 2011Fri, April 8, 2011Thu, April 7, 2011Wed, April 6, 2011Tue, April 5, 2011Mon, April 4, 2011Sat, April 2, 2011Fri, April 1, 2011Thu, March 31, 2011Wed, March 30, 2011Briscoe Law Firm Investigates Graham Packaging, Inc. for Shareholders Concerning Acquisition by Silgan Holdings, Inc.
//house-home.news-articles.net/content/2011/04/1 .. ncerning-acquisition-by-silgan-holdings-inc.html
Published in House and Home on Wednesday, April 13th 2011 at 13:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of [ Graham Packaging, Inc ]. (aGraham Packaginga or aGRMa) (NYSE: GRM) related to the proposed acquisition of Graham Packaging by Silgan Holdings, Inc.
"Based on the lack of an appreciable premium to shareholders, and other factors, we feel that the value offered to Graham Packaging shareholders is unfair"
The definitive merger agreement involves a cash and stock transaction valued at approximately $4.1 billion, including assumption of debt. Under the proposed buyout, Graham Packaging shareholders will receive $4.75 in cash and a fixed ratio of 0.402 shares of Silgan Holdings stock for each share of Graham Packaging/GRM common stock they hold. The acquisition price represents a value of $19.56 per share to Graham Packaging shareholders.
The firms are investigating the fairness of the proposed transaction to Graham Packaging shareholders, whether Graham Packaginga™s Board of Directors adequately considered all viable alternatives, and whether the Board of Directors properly shopped the company before entering into the acquisition agreement. While the acquisition price represents an approximate 17% premium over Graham Packaginga™s closing price the day before the buyout announcement, at least one analyst has set a target price of $22.00 per share for GRM stock. aBased on the lack of an appreciable premium to shareholders, and other factors, we feel that the value offered to Graham Packaging shareholders is unfair,a said shareholder rights attorney Willie Briscoe.
If you currently own shares of Graham Packaging/GRM and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
