NEW YORK--(EON: Enhanced Online News)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Mac-Gray Corporation (“Mac-Gray” or the “Company”) (NYSE:TUC) concerning the proposed acquisition of the Company by CSC ServiceWorks, Inc. (“CSC”). Under the terms of the proposed transaction, Mac-Gray stockholders will receive $21.25 in cash for each share of Mac-Gray owned, valuing the transaction at approximately $524 million.
The investigation concerns whether Mac-Gray’s Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed consideration adequately values Mac-Gray’s common stock.
If you are a stockholder of Mac-Gray and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.