Shareholders Foundation, Inc.

VWR Corp (NASDAQ:VWR) Investor Lawsuit Filed in Effort to Halt the Takeover by Avantor

A lawsuit was filed for investors in shares of VWR Corp (NASDAQ:VWR) in connection with the proposed takeover and NASDAQ:VWR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 06/21/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of VWR Corp (NASDAQ:VWR), was announced concerning whether the takeover of VWR Corp by Avantor for $33.25 per share.

Investors who purchased shares of VWR Corp (NASDAQ:VWR) and currently hold any of those NASDAQ:VWR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:VWR stockholders by agreeing to sell VWR Corp. cheaply via an unfair process to Avantor.

On May 5, 2017, Avantor and VWR Corp (NASDAQ:VWR) announced that they have entered into an agreement under which Avantor will acquire VWR Corp for $33.25 in cash per share of VWR common stock, reflecting an enterprise value of approximately $6.4 billion.

However, plaintiff claims that the proposed consideration NASDAQ:VWR shareholders will receive is grossly inadequate and undervalues VWR Corp. In addition, the plaintiff alleges that the process is also unfair NASDAQ:VWR stockholders. Indeed, Varietal Distribution Holdings, LLC, the largest shareholder of VWR Corp comprised of, among other parties, Madison Dearborn Partners (MDP), which has been a significant shareholder of VWR Corp since 2007, and certain officers and directors of VWR Corp, has already signed a voting and support agreement committing it to vote in favor of the transaction, representing approximately 34.8% of the total issued and outstanding shares of common stock of VWR Corp,.

Shares of VWR Corp (NASDAQ:VWR) closed on June 20, 2017 at $33.00 per share.

Those who are current investors in VWR Corp 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