An investigation on behalf of investors of The Dun & Bradstreet Corporation (NYSE: DNB) in connection with the proposed takeover was announced and NYSE: DNB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/17/2018 -- An investigation was announced over the takeover of The Dun & Bradstreet Corporation.
Investors who purchased shares of The Dun & Bradstreet Corporation (NYSE: DNB) and currently hold any of those NYSE: DNB 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 The Dun & Bradstreet Corporation breached their fiduciary duties owed to NYSE: DNB investors in connection with the proposed acquisition.
On Aug. 8, 2018, The Dun & Bradstreet Corporation (NYSE: DNB) announced that it has entered into a merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P., along with a group of other distinguished investors.
Under the terms of the agreement, The Dun & Bradstreet Corporation (NYSE: DNB) shareholders will receive $145.00 in cash for each share of common stock they own, in a transaction valued at $6.9 billion including the assumption of $1.5 billion of Dun & Bradstreet's net debt and net pension obligations.
However, the investigation concerns whether the offer is unfair to NYSE: DNB stockholders. More specifically, the investigation concerns whether the The Dun & Bradstreet 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.
The Dun & Bradstreet Corporation reported that its annual Total Revenue rose from over $1.7 billion in 2016 to over $174 billion in 2017 and that its Net Income increased from $97.40 million in 2016 to $140.9 million in 2017.
Shares of The Dun & Bradstreet Corporation (NYSE: DNB) closed on August 16, 2018, at $141.91 per share.
Those who are current investors in The Dun & Bradstreet Corporation (NYSE: DNB) 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