The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Goodrich Corp.
September 23 2011 - 10:11AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Goodrich Corp. (“Goodrich” or the “Company”) (NYSE: GR) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to United
Technologies Corp. (NYSE: UTX). Under the terms of the transaction,
Goodrich shareholders will receive $127.50 per share of Goodrich
stock they own. The transaction has a total approximate value of
$18.4 billion, including $1.9 billion in net debt.
Click here to learn how to join the action:
http://www.zlk.com/goodrich-gr, or call: 877-363-5972.
The investigation concerns whether the Goodrich Board of
Directors breached their fiduciary duties to Goodrich stockholders
by failing to adequately shop the Company before entering into this
transaction and whether United Technologies Corp. is underpaying
for Goodrich shares, thus unlawfully harming Goodrich stockholders.
In particular, at least one analyst set a price target of $130.00
per Goodrich share.
If you own common stock in Goodrich and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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