Wohl & Fruchter Commences Investigation into Merger Between Graham Packaging and Silgan Holdings
16 April 2011 - 8:41AM
Business Wire
The law firm of Wohl & Fruchter LLP has commenced an
investigation into whether the directors of Graham Packaging (NYSE:
GRM) (“Graham”) breached their fiduciary duties to shareholders by
approving a merger with Silgan Holdings (NASDAQ: SLGN)
(“Silgan”).
On April 13, 2011, Silgan announced that it had entered into a
merger agreement to acquire Graham. Under the agreement, Graham
shareholders will receive $4.75 in cash, and 0.402 shares of Silgan
common stock for each of their Graham shares. The transaction is
valued at $4.1 billion.
Wohl & Fruchter’s investigation concerns whether approval of
the merger was improperly motivated by conflicts of interest
created by a contemporaneous agreement for Silgan to pay $245
million in cash to an affiliate of the majority shareholder of
Graham (The Blackstone Group), and the Graham family.
Additional information is available
at http://www.wohlfruchter.com.
Persons with relevant information, and Graham shareholders with
questions about this investigation, are invited to contact our
Firm.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation
arising from fraud and other fiduciary breaches by corporate
managers, as well as other complex litigation matters. Please visit
our website, www.wohlfruchter.com, to learn more about our Firm, or
contact one of our partners.
This release may be deemed to constitute attorney
advertising.
Graham Packaging CO Inc. Common Stock (NYSE:GRM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Graham Packaging CO Inc. Common Stock (NYSE:GRM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Graham Packaging CO Inc. Common Stock (New York Stock Exchange): 0 recent articles
More Wohl & Fruchter LLP News Articles