NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of WABCO Holdings Inc. (“WABCO” or the “Company”) (NYSE: WBC) to ZF Friedrichshafen AG (“ZF”) is fair to WABCO shareholders.
If you are a WABCO shareholder and would like to discuss your legal rights and options, please visit WABCO (WBC) Merger Investigation or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
On or around February 28, 2019, KeyCorp set a target price for WABCO at $150.00 per share, or over 9% higher than ZF’s offer price of $136.50 per share. The investigation concerns whether WABCO and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for WABCO shareholders; (2) determine whether ZF is underpaying for WABCO; and (3) disclose all material information necessary for WABCO shareholders to adequately assess and value the merger consideration.
On behalf of WABCO shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are a WABCO shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/wabco-holdings-inc-wbc-merger-zf-friedrichshafen-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com