An investigation on behalf of investors in NYSE:MON shares in connection with the proposed takeover of Monsanto Company was announced and NYSE:MON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/25/2016 -- The possible takeover of Monsanto Company by Bayer AG is under investigation. The investigation was announced for investors, who currently hold NYSE:MON shares, concerning whether a takeover of Monsanto Company by Bayer AG at $122 per share would be unfair to NYSE:MON stockholders.
Investors who purchased shares of Monsanto Company (NYSE:MON) and currently hold any of those NYSE:MON 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 Monsanto Company breached their fiduciary duties owed to NYSE:MON investors in connection with the proposed acquisition.
On May 18, 2106, St. Louis, MO based Monsanto Company said that in response to recent media reports, it disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for a potential acquisition of Monsanto, subject to due diligence, regulatory approvals and other conditions.
Then on May 23, 2016, Bayer AG said that in response to further market speculation and stakeholder inquiries, it is publicly disclosing the contents of its private proposal to acquire Monsanto. Bayer AG said it has made an all-cash offer to acquire all of the issued and outstanding shares of common stock of Monsanto Company for USD 122 per share or an aggregate value of USD 62 billion.
On May 24, 2016, Monsanto Company rejected the offer by Bayer AG as being incomplete and financially inadequate.
Nevertheless, the investigation concerns whether the Monsanto Board of Directors will undertake an adequate sales process, adequately shop the company before entering into the transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.
On May 23, 2016, Monsanto Company (NYSE:MON) shares closed at $105.99 per share.
Those who are current investors in Monsanto Company 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