San Diego, CA -- (SBWire) -- 05/08/2017 --An investigation was announced for investors, who currently hold shares of VWR Corp (NASDAQ:VWR), was announced concerning the acquisition of VWR Corp by Avantor for $33.25 per share.
Investors who purchased shares of VWR Corp (NASDAQ:VWR) and currently hold any of those NASDAQ:VWR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of VWR Corp breached their fiduciary duties owed to NASDAQ:VWR investors in connection with the proposed acquisition.
On May 5, 2017, Avantor and VWR Corp (NASDAQ:VWR) announced that they have entered into an agreement under which Avantor will acquire VWR Corp for $33.25 in cash per share of VWR common stock, reflecting an enterprise value of approximately $6.4 billion.
However, given that Varietal Distribution Holdings, LLC, the largest shareholder of VWR Corp comprised of, among other parties, Madison Dearborn Partners (MDP), which has been a significant shareholder of VWR Corp since 2007, and certain officers and directors of VWR Corp, has already signed a voting and support agreement committing it to vote in favor of the transaction, representing approximately 34.8% of the total issued and outstanding shares of common stock of VWR Corp, the investigation concerns whether the offer is unfair to NASDAQ:VWR stockholders. More specifically, the investigation concerns whether the VWR 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.
Shares of VWR Corp (NASDAQ:VWR) closed on May 5, 2017 at $33.28 per share.
Those who are current investors in VWR Corp 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
The Acquisition of VWR Corp Is Under Investigation for Investors Who Hold NASDAQ:VWR Shares
An investigation on behalf of investors of VWR Corp (NASDAQ:VWR) in connection with the proposed takeover was announced and NASDAQ:VWR stockholders should contact the Shareholders Foundation.