SAN DIEGO, May 28, 2019 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of WABCO Holdings Inc. (NYSE: WBC)
("WABCO") breached their fiduciary duties in connection with the
proposed sale of the Company to ZF Friedrichshafen AG ("ZF").
On March 28, 2019, WABCO announced
that it had signed a definitive merger agreement with ZF. Under the
terms of the agreement, all WABCO shareholders will receive
$136.50 in cash per share.
The investigation concerns whether the WABCO board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for WABCO shares
of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
analysts' projections for future earnings and revenue growth, also
one Wall Street analyst has a $173.00
price target on the stock. The 52-week high for WABCO was
$146.68
A shareholder vote has been set for June 27, 2019, if you are a shareholder of
WABCO and believe the proposed buyout price is too low or you're
interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone
number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP