Nashua Corporation Shareholder Investigation

PRLog (Press Release) - May 12, 2009 -
SAN DIEGO, CA (Shareholders Foundation) -- An investigation on behalf of current investors in Nashua Corporation (Public, NASDAQ:NSHA), who purchased the NSHA shares before May 07, 2009, over possible breaches of breaches of fiduciary duty and other violations of state law by the Board of Directors of Nashua Corp.

If you currently hold Nashua Corporation (Public, NASDAQ:NSHA) shares and purchased them before May 07, 2009 you have certain options and you should contact the Shareholders Foundation, Inc immediately at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

According to the investigation by a law firm the investigation focuses on potential shareholder claims against the Nashua board of directors arising out of their agreement to sell Nashua Corp to Cenveo for combination of cash and stock valued, as of May 6, 2009, at approximately $6.88 per Nahsua share (NASDAQ: NSHA). The transaction, so the investigation, appears to be unfair given that, among other things, the Nahsua’s shares (NASDAQ: NSHA) traded as high as $9.84 per share as recently as September 2008 and thus, the price agreed to by Board appears to offer little premium to shareholders. Also, Cenveo has entered into a voting agreement with certain members of Nashua’s directors and executive officers, including Nashua’s CEO and President, and other entities, who collectively own approximately 23% of Nashua’s common stock, to vote in favor of the proposed transaction with Cenveo, so the investigation.
Nashua Corporation is a manufacturer, converter and marketer of labels and specialty papers. Its primary products include thermal and other coated papers, wide-format papers, pressure-sensitive labels, tags, and transaction and financial receipts. Nashua Corporation is located in Nashua, NH and had $272.80million in total revenue in 2007 and $264.9million in total revenue in 2008. Shares of Nashua Corp. traded at $6.27 per share, down from $12.53 per share in 2008.

If you currently hold Nashua Corporation (Public, NASDAQ:NSHA) shares and purchased them before May 07, 2009 you have certain options and you should contact the Shareholders Foundation, Inc immediately at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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