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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Graham Packaging Company Inc., in Connectio

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  Published in House and Home on Thursday, April 14th 2011 at 16:40 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Graham Packaging Company Inc. (aGrahama or the aCompanya) (NYSE: GRM) related to the Companya™s agreement to be acquired by Silgan Holdings Inc. (aSilgana) in a proposed transaction where Graham shareholders will receive $4.75 in cash and 0.402 shares of Silgan common stock for every share they own of Graham stock. The proposed cash-and-stock transaction is valued at approximately $4.1 billion.

The investigation concerns whether the board of directors of Graham breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Specifically, the Company has seen substantial growth over the past year. Further, at least one analyst has set a target price of $22.00 per share, virtually nullifying any premium that Graham shareholders would receive under the transaction. The proposed transaction is expected to close in the second half of 2011.

If you are a shareholder of Graham, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].