An investigation was announced for investors in NYSE:TRR shares over the acquisition of TRC Companies, Inc. for $17.55 per share.
Investors who purchased shares of TRC Companies, Inc. (NYSE:TRR) and currently hold any of those NYSE:TRR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of TRC Companies, Inc. breached their fiduciary duties owed to NYSE:TRR investors in connection with the proposed acquisition.
On 03/31/17, TRC Companies, Inc. (NYSE:TRR) announced that it has entered into a merger agreement with affiliates of New Mountain Partners IV, L.P., an investment fund managed by New Mountain Capital, LLC, under which New Mountain will acquire TRC Companies, Inc. (NYSE:TRR) in an all cash transaction valued at $17.55 per share of common stock.
However, the investigation concerns whether the offer is unfair to NYSE:TRR stockholders. More specifically, the investigation concerns whether the TRC Companies 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.
On April 7, 2017, NYSE:TRR shares closed at $17.50 per share.
Those who are current investors in NYSE:TRR shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego