Veritiv Misled Investors in CD&R Deal Proxy Statement, Suit Says

Veritiv Corp. and its directors allegedly misled investors in a proxy statement filed earlier this week relating to a proposed buyout by a Clayton Dubilier & Rice LLC affiliate, a shareholder suit says.

The company provided incomplete and misleading information about the analysis financial adviser Morgan Stanley conducted around the deal to support its fairness opinion, according to the suit filed Tuesday in US District Court for the Southern District of New York.

The packaging and print products company announced the proposed merger on Aug. 7 and filed the proxy soliciting shareholder votes on Sept. 18, which lacked key underlying ...