A lawsuit was filed for investors in shares of The Dun & Bradstreet Corporation (NYSE: DNB) in connection with the proposed takeover and NYSE: DNB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/24/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of The Dun & Bradstreet Corporation (NYSE: DNB), filed a lawsuit in effort to halt the proposed takeover of The Dun & Bradstreet Corporation.
Investors who purchased shares of The Dun & Bradstreet Corporation (NYSE: DNB) and currently hold any of those NYSE: DNB shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: DNB stockholders by agreeing to sell The Dun & Bradstreet Corporation cheaply via an unfair process.
On Aug. 8, 2018, The Dun & Bradstreet Corporation (NYSE: DNB) announced that it has entered into a merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P., along with a group of other distinguished investors.
Under the terms of the agreement, The Dun & Bradstreet Corporation (NYSE: DNB) shareholders will receive $145.00 in cash for each share of common stock they own, in a transaction valued at $6.9 billion including the assumption of $1.5 billion of Dun & Bradstreet's net debt and net pension obligations.
However, plaintiff claims that the proposed consideration NYSE: DNB shareholders will receive is grossly inadequate and undervalues The Dun & Bradstreet Corporation. The Dun & Bradstreet Corporation reported that its annual Total Revenue rose from over $1.7 billion in 2016 to over $174 billion in 2017 and that its Net Income increased from $97.40 million in 2016 to $140.9 million in 2017. In addition, the plaintiff alleges that the process is also unfair NYSE: DNB stockholders.
Shares of The Dun & Bradstreet Corporation (NYSE: DNB) closed on September 21, 2018, at $143.10 per share.
Those who are current investors in The Dun & Bradstreet Corporation (NYSE: DNB) 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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