An investigation on behalf of investors of Esterline Technologies Corporation (NYSE: ESL) in connection with the proposed takeover was announced .
San Diego, CA -- (SBWIRE) -- 10/17/2018 -- An investigation on was announced over the acquisition of Esterline Technologies Corporation by TransDigm Group Incorporated.
Investors who purchased shares of Esterline Technologies Corporation (NYSE: ESL) and currently hold any of those NYSE: ESL shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Esterline Technologies Corporation breached their fiduciary duties owed to NYSE: ESL investors in connection with the proposed acquisition.
Bellevue, WA based systems primarily for aerospace and defense customers in the United States and internationally.
On October 10, 2018, TransDigm Group Incorporated (NYSE: TDG) and Esterline Technologies Corporation (NYSE:ESL) announced that they have entered into an agreement under which TransDigm Group Incorporated will purchase all of the outstanding shares of common stock of Esterline Technologies Corporation (NYSE: ESL) for $122.50 per share in cash, or a total transaction value of approximately $4.0 billion including the assumption of debt.
However, the investigation concerns whether the offer is unfair to NYSE: ESL stockholders. More specifically, the investigation concerns whether the Esterline Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Esterline Technologies Corporation (NYSE: ESL) reported that its annual Total Revenue rose from over $1.99 billion for the 12 months period that ended on September 30, 2016 to over $2.00 billion for the 12 months period that ended on September 29, 2017, and that its Net Income increased from $114.16 million to $120.36 million.
Shares of Esterline Technologies Corporation (NYSE: ESL) closed on October 15, 2018, at $116.93 per share.
Those who are current investors in Esterline Technologies Corporation (NYSE: ESL) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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