MILWAUKEE, Feb. 22, 2022 /PRNewswire/ -- Ademi LLP is investigating Meritor (NYSE: MTOR) for possible breaches of fiduciary duty and other violations of law in its transaction with Cummins.
Click here to learn how to join the action: https://www.ademilaw.com/case/meritor-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Meritor's financial outlook and prospects are excellent and yet Meritor shareholders will receive only $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.. The merger agreement unreasonably limits competing bids for Meritor by prohibiting solicitation of further bids, and imposing a significant penalty if Meritor accepts a superior bid. Meritor insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Meritor's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Meritor.
If you own Meritor common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/meritor-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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