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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Multi-Color Corporation (NASDAQGS: LABL) to an affiliate of Platinum Equity LLC. Under the terms of the transaction, Multi-Color shareholders will receive $50 for each share of Multi-Color stock they own.
The Multi-Color merger investigation concerns whether the Board of Multi-Color breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Platinum Equity LLC is underpaying for Multi-Color shares, thus unlawfully harming Multi-Color shareholders.
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