An investigation on behalf of investors of Landauer Inc (NYSE:LDR) in connection with the proposed takeover was announced and NYSE:LDR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/15/2017 -- An investigation was announced for investors, who currently hold shares of Landauer Inc (NYSE:LDR), was announced concerning the takeover of Landauer Inc. by Fortive Corporation for $67.25 per share.
Investors who purchased shares of Landauer Inc (NYSE:LDR) and currently hold any of those NYSE:LDR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Landauer Inc breached their fiduciary duties owed to NYSE:LDR investors in connection with the proposed acquisition.
On September 6, 2017, Landauer Inc (NYSE:LDR) announced that it has entered into an agreement to be acquired by Fortive Corporation (NYSE: FTV). Under the terms of the agreement, Fortive will make a $67.25 per share cash tender offer to acquire all outstanding Landauer shares for a total transaction value of approximately $770 million, including the assumption of debt and net of acquired cash.
However, the investigation concerns whether the offer is unfair to NYSE:LDR stockholders. More specifically, the investigation concerns whether the Landauer 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.
Those who are current investors in Landauer Inc (NYSE:LDR) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego