A lawsuit was filed for investors in shares of The KeyW Holding Corporation (NASDAQ: KEYW) in connection with the proposed takeover and NASDAQ: KEYW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/31/2019 -- The Shareholders Foundation announced that an investor, who currently holds shares of The KeyW Holding Corporation (NASDAQ: KEYW), filed a lawsuit against the takeover of The KeyW Holding Corporation.
Investors who purchased shares of The KeyW Holding Corporation (NASDAQ: KEYW) and currently hold any of those NASDAQ: KEYW 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 NASDAQ: KEYW stockholders by agreeing to sell The KeyW Holding Corporation. cheaply via an unfair process.
On April 22, 2019, Jacobs (NYSE: JEC) announced that they have entered into a merger agreement pursuant to which Jacobs will acquire The KeyW Holding Corporation for $11.25 per share in cash.
However, plaintiff claims that the proposed consideration NASDAQ: KEYW shareholders will receive is grossly inadequate and undervalues KeyW Holding. In addition, the plaintiff alleges that the process is also unfair NASDAQ: KEYW stockholders
The KeyW Holding Corporation reported that its annual Total Revenue rose from $441.58 million in 2017 to $506.84 million in 2018.
Shares of The KeyW Holding Corporation (NASDAQ: KEYW) closed on May 2, 2019 at $11.28 per share.
Those who are current investors in The KeyW Holding Corporation (NASDAQ: KEYW) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.