CareFusion Shareholder Alert - Buyout Of CareFusion Corp - National Securities Law Firm Seeks Higher Price For Shareholders. Encourages Shareholders To Contact Law Firm For More Information
NEW YORK, Oct. 6, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of CareFusion Corporation (NYSE: CFN) ("CareFusion" or the "Company") on behalf of its' shareholders. Becton, Dickinson and Company ("BD") and CareFusion announced a definitive agreement under which BD will acquire CareFusion for $58 per share in cash and stock. Under the terms of the transaction, CareFusion shareholders will receive $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or a total of $58 per CareFusion shares based on BD's closing price as of October 3, 2014. Upon closing, BD shareholders will own approximately 92 percent of the combined company and CareFusion shareholders will own approximately 8 percent.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors and senior management of CareFusion for not acting in CareFusion shareholders' best interests in connection with the sale process of CareFusion. The investigation seeks to determine if there was an adequate auction process and if BD is underpaying for CareFusion shares. The investigation further concerns whether the senior management of CareFusion may have acted in their own self interests in selling the company to BD.
If you are a shareholder of CareFusion and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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