Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Bway Holding Company - BWY

Levi & Korsinsky is investigating the Board of Directors of Bway Holding Company (“Bway” or the “Company”) (NYSE: BWY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Madison Dearborn Partners, LLC ("MDP"). Under the terms of the transaction, Bway shareholders will receive $20.00 in cash for each Bway share of common stock they own for a total transaction value of approximately $915 million, including the assumption of debt.

For the year ending September 27, 2009, Bway reported gross profit of $148.9 million and net income of $23.5 million as compared to gross profit and a net loss of $128.915 million and $3.141 million, respectively, for the prior year. The investigation concerns whether the Bway Board of Directors breached their fiduciary duties to Bway stockholders by failing to adequately shop the Company before entering into this transaction and whether MDP is underpaying for Bway shares, thus unlawfully harming Bway stockholders. In particular, Bway stock traded in excess of $20.00 per share as recently as January 5, 2010, at least one analyst set a price target for Bway stock at $27.00 per share and the median price target set by eight analysts is $21.50 per share.

If you own common stock in Bway and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/bwy1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.