An investigation on behalf of investors of VCA Inc (NASDAQ:WOOF) in connection with the proposed takeover was announced and NASDAQ:WOOF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/16/2017 -- The acquisition of VCA Inc is under investigation over potential wrongdoing. The investigation on behalf of investors, who currently hold NASDAQ:WOOF shares, was announced over the takeover of VCA Inc. by Mars, Incorporated for $93 per share.
Investors who purchased shares of VCA Inc (NASDAQ:WOOF) and currently hold any of those NASDAQ:WOOF 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 VCA Inc breached their fiduciary duties owed to NASDAQ:WOOF investors in connection with the proposed acquisition.
On January 9, 2017, Mars, Incorporated and VCA Inc announced that they have entered an agreement under which Mars will acquire all of the outstanding shares of VCA Inc (NASDAQ:WOOF) for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt.
However, the investigation concerns whether the offer is unfair to VCA Inc (NASDAQ:WOOF stockholders. More specifically, the investigation concerns whether the VCA Inc (NASDAQ:WOOF 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.
Shares of VCA Inc (NASDAQ:WOOF) closed on January 13, 2017 at $91.25 per share.
Those who are current investors in VCA 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