Kendall Law Group Investigates Goodrich Corp.
September 22 2011 - 11:20AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Goodrich Corp. (NYSE: GR) for shareholders in
connection with the proposed acquisition by United Technologies
Corp. The national securities firm’s investigation seeks to
determine whether Goodrich and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
a Goodrich shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at investor@kendalllawgroup.com.
On September 21, 2011, the companies announced the definitive
merger agreement under which Goodrich would be acquired by United
Technologies, in a transaction valued at approximately $16.4
billion. Under the terms of the agreement, Goodrich stockholders
will receive $127.50 in cash for each share of Goodrich/GR common
stock held. The offer price represents a 16 percent premium over
Goodrich's Wednesday closing stock price of $109.49. According to
Thompson/First Call, analysts have set a price target as high as
$130.00 per share for Goodrich’s stock. The firm’s investigation
seeks to determine whether Goodrich and its Board undertook a fair
process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in 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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