An investigation on behalf of investors of C R Bard Inc (NYSE:BCR) in connection with the proposed takeover was announced and NYSE:BCR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/04/2017 -- The takeover of C.R. Bard is under investigation over possible wrongdoing. The investigation was announced on behalf of investors, who currently hold shares of C R Bard Inc, concerning whether the takeover of C. R. Bard Inc. by Becton, Dickinson and Company is unfair.
Investors who purchased shares of C R Bard Inc (NYSE:BCR) and currently hold any of those NYSE:BCR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of C.R. Bard Inc breached their fiduciary duties owed to NYSE:BCR investors in connection with the proposed acquisition.
On April 23, 2017, BD (Becton, Dickinson and Company) (NYSE: BDX) and C R Bard Inc (NYSE:BCR) announced an agreement under which BD will acquire C R Bard Inc (NYSE:BCR) for $317.00 per NYSE:BCR common share in cash and stock, for a total consideration of $24 billion.
However, the investigation concerns whether the offer is unfair to NYSE:BCR stockholders. More specifically, the investigation concerns whether the C R Bard 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.
C R Bard Inc reported that its annual Total Revenue rose from over $3.41 billion in 2015 to over $3.71 billion in 2016 and that its Net Income declined from $135.40 million in 2015 to $531.40 million in 2016.
Shares of C R Bard Inc (NYSE:BCR) closed on May 3, 2017 at $306.34 per share.
Those who are current investors in C R Bard Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego