SAN DIEGO, Aug. 17, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of G&K Services, Inc. (NASDAQ:
GK) breached their fiduciary duties in connection with the proposed
sale of the Company to Cintas Corporation (NASDAQ: CTAS). G&K
provides branded uniform and facility services programs.
On August 16, 2016, G&K
announced it had signed a definitive merger agreement with Cintas.
Under the terms of the agreement, G&K stockholders will receive
$97.50 a share in cash.
The investigation concerns whether the G&K board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for G&K
shares of common stock. Nationally recognized Johnson & Weaver
is investigating whether the proposed deal price represents
adequate consideration.
If you are a shareholder of G&K and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP