BUYOUT ALERT – National Securities Law Firm Seeks Higher Price for Checkpoint Systems Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
March 2, 2016
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Checkpoint Systems, Inc. (NYSE: CKP) (“Checkpoint” or the “Company”) on behalf of its shareholders. Checkpoint announced that it has entered into a definitive agreement to be acquired by an affiliate of CCL Industries Inc. for $10.15 per share in cash.
Our investigation has determined that the offer price of only $10.15 per share, unfairly under-values the true going forward inherent value of Checkpoint and that shareholders may not be receiving the maximum value for their shares. Indeed, at least one analyst projects that the true going forward inherent value of the stock is worth at least $13 per share, and the stock hit a high of $13.58 within the past year. The investigation further seeks to determine whether Checkpoint is entering into this deal for its own self-interests to the detriment of the Company’s shareholders.
If you are a shareholder of Checkpoint and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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