Energy News / Shareholders Foundation, Inc.

NYSE:CSRA Investor Alert: Investigation over Potential Wrongdoing in Takeover of CSRA Inc

Via: ReleaseWire

Updated 11:00 AM CST, Thu, February 22,2018

An investigation on behalf of investors of CSRA Inc (NYSE:CSRA) in connection with the proposed takeover was announced and NYSE:CSRA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 02/22/2018 -- The takeover of CSRA Inc is under investigation over potential wrgondoing.

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

The investigation by a law firm concerns whether certain officers and directors of CSRA Inc breached their fiduciary duties owed to NYSE:CSRA investors in connection with the proposed acquisition.

Fallss Church, VA based CSRA Inc. is a provider of information technology services to the United States federal government. On February 12, 2018, General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash.

However, given that at least one analyst has set the high price target for NYSE:CSRA shares at $41.00 per share, the investigation concerns whether the offer is unfair to NYSE:CSRA stockholders. More specifically, the investigation concerns whether the CSRA 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.

CSRA Inc reported that its Total Revenue rose from over $4.25 billion for the 52 weeks period that ended on April 1, 2016, to over $4.99 billion for the 52 weeks period that ended on March 31, 2017 and that its Net Income increased from $87.14 million to $304 million.

On February 21, 2018, NYSE:CSRA shares closed at $40.54 per share.

Those who are current investors in CSRA Inc (NYSE:CSRA) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysecsra-investor-alert-investigation-over-potential-wrongdoing-in-takeover-of-csra-inc-937205.htm

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