NEW YORK, March 2, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Checkpoint
Systems, Inc. ("Checkpoint" or the "Company") (NYSE: CKP)
(ISIN: US1628251035) (CUSIP: 162825103) concerning the proposed
acquisition of Checkpoint by CCL Industries Inc.
Checkpoint shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 9980.
The investigation concerns whether the Checkpoint directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
proposed transaction, Checkpoint shareholders will be entitled to
receive $10.15 in cash for each share
of Checkpoint common stock.
An analyst recently set a price target for Checkpoint Systems,
Inc. at $13 a share. Moreover, the
Revenue, Total Assets, and Book Value multiples are below the
averages of comparable transactions, according to a
Bloomberg analysis. The stock also traded higher than
the offer price less than a year ago.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP