An investigation on behalf of investors in International Business Machines Corp. (NYSE:IBM ) shares over potential wrongdoing at IBM was announced.
San Diego, CA -- (SBWIRE) -- 11/30/2018 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at IBM .
Investors who purchased shares of International Business Machines Corp. (NYSE:IBM ) and currently hold any of those NYSE:IBM shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain IBM directors breached their fiduciary duties and caused damage to the company and its shareholders.
On October 28, 2018, IBM (NYSE:IBM) and Red Hat (NYSE:RHT) announced that the companies have reached an agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.
Following the announcement shares of International Business Machines Corp. (NYSE:IBM) declined to as low as $114.09 per share on October 31, 2018.
In response to International Business Machines Corp.'s announcement, Moody's Investor Service announced its review of IBM's credit rating for potential downgrade for IBM's substantial increase in leverage.
Those who purchased shares of International Business Machines Corp. (NYSE:IBM ), 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.
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels