An investigation for investors in NASDAQ:WOOF shares was announced concerning whether the takeover of VCA Inc. by Mars, Incorporated for $93 per share is unfair to NASDAQ:WOOF stockholders.
Investors who purchased shares of VCA Inc (NASDAQ:WOOF) and currently hold any of those NASDAQ:WOOF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of VCA Inc breached their fiduciary duties owed to NASDAQ:WOOF investors in connection with the proposed acquisition.
On January 9, 2017, Mars, Incorporated and VCA Inc (NASDAQ:WOOF) announced that they have entered an agreement under which Mars will acquire all of the outstanding shares of VCA Inc (NASDAQ:WOOF) for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt.
However, the investigation concerns whether the offer is unfair to VCA Inc (NASDAQ:WOOF stockholders. More specifically, the investigation concerns whether the VCA Inc (NASDAQ:WOOF Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
VCA Inc reported that its annual Total Revenue rose from over $1.91 billion in 2014 to over $2.13 billion in 2015 and that its Net Income increased from $135.44 million in 2014 to $211.05 million in 2015.
Shares of VCA Inc (NASDAQ:WOOF) closed on January 24, 2017 at $90.75 per share.
Those who are current investors in NASDAQ:WOOF shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com