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Finkelstein Thompson LLP Announces Investigation of Graham Packaging

^{Published on 2011-04-13 09:30:35 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Graham Packaging Company, Inc. (aGrahama or the aCompanya) (NYSE: GRM) concerning the proposed acquisition of the Company by Silgan Holdings, Inc. (aSilgana). Under the terms of the offer, Graham shareholders will receive $4.75 in cash and 0.402 shares of Silgan stock for each share they own. Based on Silgana™s closing price on April 12, 2011, the transaction has an implied value of $19.56 per share. The transaction is valued at approximately $4.1 billion, including net debt, and is expected to close in the third quarter of 2011.

The investigation is focused on the potential unfairness of the consideration to Graham shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Graham Board members. Shareholders representing 65% of Graham stock will receive $245 million in addition to the consideration being offered to the common shareholders, and have already agreed to vote their shares in favor of the offer.

If you are interested in discussing your rights as a Graham shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.