Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of LSC Communications, Inc. (NYSE: LKSD) to Quad/Graphics, Inc. (“Quad”) (NYSE: QUAD). Under the terms of the transaction, LSC Communications shareholders will receive 0.625 shares of Quad Class A common stock for each share of LSC Communications stock they own. The transaction has a total approximate value of $1.4 billion, including refinancing of LSC Communications’ debt.
The LSC Communications merger investigation concerns whether the Board of LSC Communications breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Quad is underpaying for LSC Communications shares, thus unlawfully harming LSC Communications shareholders.
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