NEW YORK, Feb. 10, 2015 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of MeadWestvaco Corp. ("MWV" or "the Company") (NYSE: MWV ) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Rock-Tenn Company ("Rock-Tenn"). A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/meadwestvaco-mwv .
Under the terms of the transaction, MWV shareholders will receive 0.78 shares of Rock-Tenn common stock for each common share of MWV they own. The proposed transaction is valued at approximately $9.7 billion. The claims concern whether the Board of MWV breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Rock-Tenn is underpaying for MWV shares.
If you own MeadWestvaco common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/meadwestvaco-mwv .
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
