An investigation on behalf of investors of CareFusion Corporation (NYSE:CFN) in connection with the proposed takeover was announced and NYSE:CFN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/07/2014 -- The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of CareFusion Corporation (NYSE:CFN), is ongoing concerning whether the takeover of CareFusion by Becton, Dickinson and Co. for a value of $58 per share is unfair to NYSE:CFN stockholders.
Investors who purchased shares of CareFusion Corporation (NYSE:CFN) and currently hold any of those NYSE:CFN shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of CareFusion Corporation breached their fiduciary duties owed to NYSE:CFN investors in connection with the proposed acquisition.
On October 5, 2014, Becton, Dickinson and Co. (NYSE:BDX) and CareFusion Corporation (NYSE:CFN) announced an agreement under which Becton, Dickinson and Co. will acquire CareFusion Corporation (NYSE:CFN) for $58.00 per share in cash and stock, or a total of $12.2 billion. Under the terms of the transaction, CareFusion Corporation (NYSE:CFN) shareholders will receive $49.00 in cash and 0.0777 of a share of Becton, Dickinson and Co. for each share of CareFusion Corporation (NYSE:CFN), or a total of $58.00 per NYSE:CFN share based on Becton, Dickinson and Co’s closing price as of October 3, 2014.
However, the investigation concerns whether the offer is unfair to NYSE:CFN stockholders. More specifically, the investigation concerns whether the CareFusion 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.
Those who are current investors in CareFusion Corporation (NYSE:CFN) 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