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Levi & Korsinsky is investigating the Board of Directors of G&K Services Inc. (NASDAQ: GK) (“G&K” or “the Company”) in connection with the sale of the Company to Cintas Corp. (NASDAQ: CTAS). Under the terms of the transaction, G&K shareholders will receive $97.50 for each share of G&K stock they own.
The investigation concerns whether the Board of G&K breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cintas Corp. is underpaying for G&K shares.
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