CDK Global, Inc. (NASDAQ:CDK) Investor Alert: Lawsuit over Takeover Filed
A lawsuit was filed by an investor of CDK Global, Inc. (NASDAQ:CDK) in connection with the takeover and NASDAQ: CDK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 05/12/2022 --An investor in shares of CDK Global, Inc. (NASDAQ: CDK) filed a lawsuit in connection with the takeover of CDK Global, Inc by Brookfield Business Partners.
Investors who purchased shares of CDK Global, Inc. (NASDAQ: CDK) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Hoffman Estates, IL based CDK Global, Inc., together with its subsidiaries, provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the United States and internationally. On April 7, 2022, CDK Global, Inc. (Nasdaq: CDK) has entered into an agreement to be acquired by Brookfield Business Partners, together with institutional partners (collectively "Brookfield"), for a total enterprise value of $8.3 billion. Under the terms of the merger agreement, Brookfield will commence a tender offer to acquire all of the outstanding shares of CDK. CDK shareholders will receive $54.87 per share in cash upon completion of the transaction.
However, the plaintiff alleges that financial adviser Morgan Stanley and certain of CDK Global, Inc's directors breached their fiduciary duties in connection with the takeover. The plaintiff says that the proposed price is unfair to NASDAQ: CDK shareholders.
At least one analyst has set the high target price for NASDAQ: CDK shares at $65.00 per share.
Those who are current investors in CDK Global, Inc. (NASDAQ: CDK) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation
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.
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