mail@shareholdersfoundation.com
An investor filed a lawsuit in New York State Court on behalf of current investors in Bowne & Co., Inc. (NYSE:BNE), who purchased their BNE shares before February 24, 2010, over alleged breach of their fiduciary duties.
Those who are currently a long term investor in shares of Bowne & Co., Inc. (Public, NYSE:BNE) and those who have additional information relating the investigations, have certain options and should contact the Shareholders Foundation at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
On February 23, 2010 Bowne & Co., Inc. (NYSE: BNE) and R.R. Donnelley & Sons Company (NASDAQ: RRD) announced that they have signed a definitive agreement pursuant to which RR Donnelley will acquire Bowne & Co., Inc., in an all cash deal valued at approximately $481 million, or at $11.50 per share. According to Bowne & Co., Inc the agreement has been approved by the Boards of Directors of both companies.
But Shares of Bowne & Co., Inc. (BNE) were down from $11.98 per share in September 2008, and traded at $13.49 per share in August 08, $16.93 per share in April 08, and almost $20 per share in 2007.
According to the complaint the plaintiff alleges that the defendants have breached their fiduciary duty by engaging in an “unlawful plan to squeeze out Bowne's public shareholders through the implementation of a flawed process and an unconscionable agreement and plan of merger” that is an “unfair and self-serving process” because “unlike the Company's shareholders, the defendants […]will be amply compensated.”
Those who currently are investors in shares of Bowne & Co., Inc. (NYSE:BNE) and purchased their BNE shares before February 24, 2010, should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
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