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 firstname.lastname@example.org 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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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.
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