ATLANTA, March 29, 2010 (GLOBE NEWSWIRE) -- Law office of James A. Dunlap Jr. & Associates, LLC announces that it is investigating potential claims against the Board of Directors of Bway Holding Company. ("Bway" or the "Company") (NYSE:BWY) relating to the proposed acquisition by Madison Dearborn Partners, LLC. ("Madison") Under the terms of the transaction, Bway shareholders will receive cash of $20.00 for each share of Bway stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Bway board's approval of the proposed acquisition. The transaction appears to be unfair, in part, given that Bway stock was trading at $19.60 a share as recently as January 4, 2010 and was trading at $20.13 a share on October 4, 2009.
If you own shares of Bway and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of James A. Dunlap Jr. & Associates, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact James Dunlap, Esquire at James A. Dunlap Jr. & Associates, LLC, 801 W Conway Drive NW, Atlanta, Georgia, by e-mail at jim@jamesdunlaplaw.com, or by calling 404-354-2363.