An investigation on behalf of investors of ILG, Inc. (NASDAQ: ILG) in connection with the proposed takeover was announced and NASDAQ: ILG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/09/2018 -- An investigation was announced for investors over the takeover of ILG, Inc. by Marriott Vacations Worldwide Corporation.
Investors who purchased shares of ILG, Inc. (NASDAQ: ILG) and currently hold any of those NASDAQ: ILG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of ILG, Inc. breached their fiduciary duties owed to NASDAQ: ILG investors in connection with the proposed acquisition.
Miami, FL based ILG, Inc., together with its subsidiaries, provides professional vacation services in the United States and internationally. On April 30, 2018, Marriott Vacations Worldwide Corporation (NYSE: VAC) and ILG (Nasdaq: ILG) announced that they have entered into an agreement under which Marriott Vacations Worldwide Corporation will acquire all of the outstanding shares of ILG, Inc. (NASDAQ: ILG) in a cash and stock transaction with an implied equity value of approximately $4.7 billion. Under the terms of the agreement, ILG, Inc. (NASDAQ: ILG) shareholders will receive $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide Corporation (NYSE: VAC) common stock for each ILG, Inc. (NASDAQ: ILG) share, or a value of approximately $36.93 per NASDAQ: ILG.
However, given that at least one analyst has set the high target price for NASDAQ:ILG shares at $38.00 per share, the investigation concerns whether the offer is unfair to ILG, Inc. (NASDAQ: ILG stockholders. More specifically, the investigation concerns whether the ILG, Inc. (NASDAQ: ILG 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 ILG, Inc. (NASDAQ: ILG) 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