San Diego, CA -- (SBWIRE) -- 06/28/2017 -- The Shareholders Foundation announces that An investor, who currently holds shares of C R Bard Inc (NYSE:BCR), filed a lawsuit in effort to halt the proposed takeover of C. R. Bard Inc. by Becton, Dickinson and Company.

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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:BCR stockholders by agreeing to sell .R. Bard Inc. cheaply via an unfair process to Becton, Dickinson and Company.

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, plaintiff claims that the proposed consideration NYSE:BCR shareholders will receive with Starwood Capital Group offer is grossly inadequate and undervalues C R Bard Inc. 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. In addition, the plaintiff alleges that the process is also unfair NYSE:BCR stockholders

Shares of C R Bard Inc (NYSE:BCR) closed on June 27, 2017 at $316.09 per share.

Those who are current investors in C R Bard Inc 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