WABCO Holdings Investigation
Girard Sharp is investigating potential violations of state and/or federal law in connection with WABCO Holdings’ proposed sale to ZF Friedrichshafen AG. Among other things, Girard Sharp lawyers are investigating WABCO’s due diligence of and pursuit of alternatives to the acquisition and efforts undertaken to obtain the best price possible for shares of WABCO common stock. The transaction is valued at approximately $7 billion and is expected to close in early 2020.
Under the terms of an agreement announced by WABCO on March 28, 2019, shareholders will receive $136.50 in cash per share. However, Wall Street analysts’ projections for future earnings and revenue growth targets WABCO at $158.00 per share, and the 52-week high for WABCO was $146.68.
If you are a shareholder of WABCO, we would be interested in speaking with you. Protect your rights and contact a Girard Sharp securities attorney for a free and confidential case consultation by calling toll-free at (415) 981-4800 or by filling out the form below:
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