Con-way Shareholder Notice: Faruqi & Faruqi, LLP Announces the Investigation of Con-way Inc. (CNW) Over the Proposed Sale of ...
September 10 2015 - 10:18AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Con-way Inc. (“Con-way” or the “Company”) (NYSE:CNW)
for potential breaches of fiduciary duties in connection with the
sale of the Company to XPO Logistics, Inc. for approximately $3
billion in a cash transaction.
The Company’s stockholders will only receive $47.60 for each
share of Company common stock they own. However, this offer is
below the Company’s 52-week high and at least an analyst’s target
price of $59.00 per share.
Click here for more information:
www.faruqilaw.com/CNW. There is no cost or
obligation to you.
The investigation focuses on whether Con-way’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Con-way’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Con-way and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/CNW or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330