A lawsuit was filed by investor in shares of CareFusion Corporation (NYSE:CFN) filed a lawsuit in effort to halt the proposed takeover of NYSE:CFN stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 10/20/2014 --An investor, who currently holds shares of CareFusion Corporation (NYSE:CFN), filed a lawsuit in effort to halt the proposed takeover of CareFusion by Becton, Dickinson and Co. for a value of $58 per share.

Investors who purchased shares of CareFusion Corporation (NYSE:CFN) and currently hold any of those NYSE:CFN 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 NYSE:CFN stockholders by agreeing to sell CareFusion Corporation too cheaply via an unfair process to Becton, Dickinson and Co.

On October 5, 2014, Becton, Dickinson and Co. (NYSE:BDX) and CareFusion Corporation (NYSE:CFN) announced an agreement under which Becton, Dickinson and Co. will acquire CareFusion Corporation (NYSE:CFN) for $58.00 per share in cash and stock, or a total of $12.2 billion. Under the terms of the transaction, CareFusion Corporation (NYSE:CFN) shareholders will receive $49.00 in cash and 0.0777 of a share of Becton, Dickinson and Co. for each share of CareFusion Corporation (NYSE:CFN), or a total of $58.00 per NYSE:CFN share based on Becton, Dickinson and Co’s closing price as of October 3, 2014.

However, the plaintiff claims that the $58-offer is too low and undervalues CareFusion Corporation. Indeed, at least one analyst has set the high target price for NYSE:CFN shares at $59 per share. In addition, CareFusion’s performance improved recently. In fact, Corporation reported that its Total Revenue rose from $3.55 billion for the 12 months period that ended on June 30, 2013 to over $3.84 billion for the 12 months period that ended on June 30, 2014. Shares of CareFusion Corporation (NYSE:CFN) grew from $22.83 per share in early 2012 to as high as $47.06 per share on September 19, 2014.

Furthermore, the plaintiff alleges that the process is also unfair to NYSE:CFN stockholders. The plaintiff claims the transaction contains certain presclusive deal protection devices, such as a no solicitation and a hefty $367 million termination fee provision, that deter other bidders from making a higher offer

NYSE:CFN shares closed on October 16, 2014, at $56.33 per share.

Those who are current investors in CareFusion Corporation (NYSE:CFN) 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