Mac-Gray Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by CSC ServiceWorks, Inc.
October 15, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Mac-Gray Corporation (“Mac-Gray” or the “Company”) (NYSE: TUC) breached its fiduciary duty to its shareholders in agreeing to sell Mac-Gray to CSC ServiceWorks, Inc.
Under the terms of the agreement, Mac-Gray shareholders will receive $21.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Mac-Gray shareholders and the process by which the Mac-Gray Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.