Kendall Law Group Investigating Potential Breaches of Fiduciary Duty By Con-way Inc. Officials on Behalf of Shareholders
September 10 2015 - 10:50AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating certain officers and directors of Con-way Inc. (NYSE:
CNW) on behalf of shareholders to determine whether the officials
breached their fiduciary duties to shareholders in the proposed
sale to XPO Logistics, Inc. According to the agreement, Con-way
shareholders will receive $47.60 per share in cash, for a total
transaction value of approximately $3 billion. The offer price is
significantly lower than at least one Wall Street analyst’s target
price of $59, and significantly below the 52 week high of
$53.54.
The national securities firm’s investigation seeks to determine
whether Con-way and its Board breached their fiduciary duties by
engaging in self-dealing, failing to maximize the value of the
Company, failing to disclose all material benefits and costs, and
failing to obtain the best possible consideration for the
shareholders. If you currently own shares of Con-way and want to
know more about your rights, you are encouraged to contact Jamie
McKey at the Kendall Law Group at 877-744-3728 or by email at
jmckey@kendalllawgroup.com to learn more about your legal rights as
a shareholder.
There is no cost or obligation to you. Kendall Law Group was
founded by a former federal judge, includes a former United States
Attorney, prosecutors, and securities lawyers who are experienced
in nationwide complex securities litigation. The firm has been
counsel in numerous merger and acquisition cases nationwide,
including some of the largest transactions in the United
States.
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Kendall Law Group LLPJamie McKey, 214-744-3000877-744-3728 Toll
Free214-744-3015
Facsimilejmckey@kendalllawgroup.comwww.kendalllawgroup.com