The Shareholders Foundation announces that an investor, who currently holds shares of VCA Inc, filed a lawsuit in effort to halt the acquisition of VCA Inc. by Mars, Incorporated.
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 [email protected] or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:WOOF stockholders by agreeing to sell VCA Inc. too cheaply via an unfair process to Mars, Incorporated.
On January 9, 2017, Mars, Incorporated and VCA Inc 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, plaintiff claims that the proposed consideration NASDAQ:WOOF shareholders will receive is grossly inadequate and undervalues VCA Inc. 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. In addition, the plaintiff alleges that the process is also unfair NASDAQ:WOOF stockholders.
Shares of VCA Inc (NASDAQ:WOOF) closed on March 3, 2017 at $91.09 per share.
Those who are current investors in NASDAQ:WOOF shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The post Lawsuit for Investors in shares of VCA Inc (NASDAQ:WOOF) against Acquisition filed appeared first on GroundReport.
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