An investigation on behalf of investors of Headwaters Inc (NYSE:HW) in connection with the proposed takeover was announced and NYSE:HW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/02/2016 -- An investigation on behalf of investors, who currently hold shares of Headwaters Inc, was announced concerning whether the takeover of Headwaters Inc by Boral Limited is unfair.
Investors who purchased shares of Headwaters Inc (NYSE:HW) and currently hold any of those NYSE:HW 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 directors of Headwaters Inc breached their fiduciary duties owed to NYSE:HW investors in connection with the proposed acquisition.
On November 20, 2016 Headwaters Inc announced that it has entered into a binding merger agreement with Boral Limited pursuant to which Boral will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an aggregate enterprise value of approximately US$2.6 billion.
However, the investigation concerns whether the offer is unfair to NYSE:HW stockholders. More specifically, the investigation concerns whether the Headwaters 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 Headwaters Inc (NYSE:HW) closed on December 1, 2016 at $23.82 per share.
Those who are current investors in Headwaters 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