A lawsuit was filed for investors in shares of Multi Packaging Solutions International Ltd (NYSE:MPSX) in connection with the proposed takeover and NYSE:MPSX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/15/2017 --The Shareholders Foundation announces that an investor, who currently holds NYSE:MPSX, filed a lawsuit against the proposed takeover of Multi Packaging Solutions International Ltd. by WestRock Company.

Investors who purchased shares of Multi Packaging Solutions International Ltd (NYSE:MPSX) and currently hold any of those YSE:MPSX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:MPSX stockholders by agreeing to sell Multi Packaging Solutions International Ltd too cheaply via an unfair process to WestRock Company

On January 24, 2017, WestRock Company (NYSE:WRK) and Multi Packaging Solutions International Ltd (NYSE:MPSX) announced today that a definitive agreement has been reached for WestRock to acquire all of the outstanding shares of MPS for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion.

However, plaintiff claims that the proposed consideration NYSE:MPSX shareholders will receive is grossly inadequate and undervalues Multi Packaging Solutions International Ltd. The plaintiff says that the proposed transaction is designed to unlawfully divest MPS's public stockholders of the company's valuable assets without fully disclosing all material information concerning the proposed transaction to company stockholders. In addition, the plaintiff alleges that the process is also unfair NYSE:MPSX stockholders. Indeed, the two largest shareholders of MPS, representing approximately 57% of the shares outstanding, have already agreed to vote all of their shares in favor of the transaction.

Shares of Multi Packaging Solutions International Ltd (NYSE:MPSX) closed on March 14, 2017 at $17.88 per share.

Those who are current investors in Multi Packaging Solutions International Ltd 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