Energy News / Shareholders Foundation, Inc.

NYSE: WBC Shareholder Alert: Lawsuit Filed in Effort to Halt the Takeover of WABCO Holdings Inc.

Via: ReleaseWire

Updated 1:37 PM CDT, Thu, May 02,2019

A lawsuit was filed for investors in shares of WABCO Holdings Inc. (NYSE: WBC) in connection with the proposed takeover and NYSE: WBC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/02/2019 -- An investor, who currently holds shares of WABCO Holdings Inc. (NYSE: WBC), filed a lawsuit against the takeover of WABCO Holdings Inc.

Investors who purchased shares of WABCO Holdings Inc. (NYSE: WBC) and currently hold any of those NYSE: WBC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: WBC stockholders by agreeing to sell WABCO Holdings cheaply via an unfair process.

WABCO Holdings Inc., together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. On March 28, 2019, WABCO Holdings Inc. (NYSE: WBC) announced that it has entered into a merger agreement with ZF Friedrichshafen AG ("ZF").
Under the agreement, ZF Friedrichshafen will acquire all outstanding shares of WABCO for $136.50 per share in an all-cash transaction for an equity value of over $7 billion.

However, plaintiff claims that the proposed consideration NYSE: WBC shareholders will receive is grossly inadequate and undervalues WABCO Holdings. Indeed, at least one analyst has set the high target price at $173.00 per share. WABCO Holdings Inc. reported that its annual Total Revenue rose from $3.3 billion in 2017 to $3.8 billion in 2018. In addition, the plaintiff alleges that the process is also unfair NYSE: WBC stockholders.

Those who are current investors in WABCO Holdings Inc. (NYSE: WBC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-wbc-shareholder-alert-lawsuit-filed-in-effort-to-halt-the-takeover-of-wabco-holdings-inc-1210073.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com