NEW YORK, Feb. 15, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Layne Christensen
Company ("LAYN" or the "Company") (NASDAQ: LAYN) in connection with
the proposed acquisition of the Company by Granite Construction
Incorporated ("GVA") (NYSE: GVA). Under the terms of the
acquisition agreement, shareholders of LAYN will be entitled to
receive 0.27 of a share of GVA for each LAYN share they
own.
WeissLaw is investigating whether LAYN's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, according to the acquisition announcement, this is a
strategic transaction through which GVA anticipates:
- The creation of a platform for growth by leveraging LAYN's
infrastructure and drilling services, its water management
expertise, its broad and diverse portfolio, and its growing
customer-base to position GVA as an industry leader and expand its
national footprint; and
- The delivery of substantial financial benefits.
Given these facts, WeissLaw is investigating whether LAYN
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
LAYN shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin
by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/layne-christensen-company/
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SOURCE WeissLaw LLP