An investigation on behalf of investors of MeadWestvaco Corp. (NYSE:MWV) in connection with the proposed takeover was announced and NYSE:MWV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/03/2015 -- An investigation on behalf of investors, who currently hold shares of MeadWestvaco Corp. (NYSE:MWV), was announced concerning whether the takeover of MeadWestvaco Corp. by Rock-Tenn Company is unfair to NYSE:MWV stockholders.
Investors who purchased shares of MeadWestvaco Corp. (NYSE:MWV) and currently hold any of those NYSE:MWV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of MeadWestvaco Corp. breached their fiduciary duties owed to NYSE:MWV investors in connection with the proposed acquisition.
On January 26, 2015, Rock-Tenn Company (NYSE:RKT) and MeadWestvaco Corp. (NYSE:MWV) announced that they have entered into a combination agreement to create a leading global provider of consumer and corrugated packaging ("NewCo") in a transaction with a combined equity value of$16 billion.
Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, MeadWestvaco Corp. (NYSE:MWV) stockholders will receive 0.78 shares of NewCo for each share of MeadWestvaco Corp. (NYSE:MWV) held.
However, at least one analyst has set the high target price for NYSE:MWV shares at $58.00 per share, the investigation concerns whether the offer is unfair to NYSE:MWV stockholders. More specifically, the investigation concerns whether the MeadWestvaco Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
MeadWestvaco Corp. reported that its annual Total Revenue rose from over $5.17 billion in 2011 to $5.63 billion in 2014. Shares of MeadWestvaco Corp. (NYSE:MWV) grew from $21.79 per share in August 2010 to $45.72 per share on January 22, 2015.
On January 30, 2015, NYSE:MWV shares of $50.28 per share.
Those who are current investors in MeadWestvaco Corp. (NYSE:MWV) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com