STEVENSON, Md., April 11, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Delaware Chancery Court on behalf of all common stockholders of Schawk, Inc. ("Schawk" or the "Company") (NYSE:SGK) asserting claims that the members of the Company's board of directors have breached fiduciary duties they owe to Schawk shareholders.
Schawk recently announced that it has entered into a definitive merger agreement to be acquired by Matthews International Corporation ("Matthews"). According to the complaint, under the terms of the proposed transaction, Schawk shareholders will receive $11.80 cash and 0.20582 shares of Matthews' common stock for each Schawk share held. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Matthews is underpaying for Schawk shares.
If you currently own common stock of Schawk and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.