A lawsuit was filed for investors in shares of KapStone Paper and Packaging Corp. (NYSE:KS) in connection with the proposed takeover and NYSE:KS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/28/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of KapStone Paper and Packaging Corp. (NYSE:KS), filed a lawsuit against the takeover of KapStone Paper and Packaging Corp. by WestRock Company.
Investors who purchased shares of KapStone Paper and Packaging Corp. (NYSE:KS) and currently hold any of those NYSE:KS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:KS stockholders by agreeing to sell of KapStone Paper and Packaging Corp. cheaply via an unfair process.
On Jan. 29, 2018, WestRock Company (NYSE:WRK) and KapStone Paper and Packaging Corp. (NYSE:KS) announced the signing of an agreement, pursuant to which WestRock will acquire all of the outstanding shares of KapStone Paper and Packaging Corp. for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion.
However, plaintiff claims that the proposed consideration NYSE:KS shareholders will receive is grossly inadequate and undervalues KapStone Paper and Packaging Corp. In addition, the plaintiff alleges that the process is also unfair NYSE:KS stockholders.
Those who are current investors in KapStone Paper and Packaging Corp. (NYSE:KS) 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
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.