An investigation on behalf of investors of Rockwell Collins, Inc. (NYSE:COL) in connection with the proposed takeover was announced and NYSE:COL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/11/2017 -- An investigation was announced for investors, who currently hold shares of Rockwell Collins, Inc. (NYSE:COL), was announced concerning whether the takeover of Rockwell Collins, Inc. by United Technologies Corp. for $140.00 per share.
Investors who purchased shares of Rockwell Collins, Inc. (NYSE:COL) and currently hold any of those NYSE:COL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Rockwell Collins, Inc. breached their fiduciary duties owed to NYSE:COL investors in connection with the proposed acquisition.
On Sept. 4, 2017, United Technologies Corp. (NYSE: UTX) and Rockwell Collins, Inc. (NYSE: COL) announced that they have reached an agreement under which United Technologies will acquire Rockwell Collins for $140.00 per share, in cash and United Technologies Corp stock.
However, the investigation concerns whether the offer is unfair to NYSE:COL stockholders. More specifically, the investigation concerns whether the Rockwell Collins 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.
On September 8, 2017, NYSE:COL shares closed at $130.95 per share.
Those who are current investors in Rockwell Collins, Inc. 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