Glancy Binkow & Goldberg LLP Announces Investigation of Goodrich Corp.
September 22 2011 - 1:01PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
Goodrich Corp. (“Goodrich” or the “Company”) (NYSE:GR) related to
the proposed acquisition of the Company by United Technologies
Corp. The transaction is valued at approximately $18.4 billion or
$127.50 per share.
The investigation concerns whether the Board of Directors of
Goodrich breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has sky
rocketed from $70.51 on September 23, 2010 to $98.99 on July 21,
2011. Further, at least one analyst has set a target price for the
Company’s stock at $130.00.
If you are a shareholder of Goodrich, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
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