An investigation on behalf of investors, who currently hold shares of Tyco International plc (Ireland) Ordinary Share (NYSE:TYC), was announced concerning whether the takeover of Tyco International plc. by Johnson Controls is unfair to NYSE:TYC stockholders.
Investors who purchased shares of Tyco International plc (Ireland) Ordinary Share (NYSE:TYC) and currently hold any of those NYSE:TYC 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 officers and directors of Tyco International plc breached their fiduciary duties owed to NYSE:TYC investors in connection with the proposed acquisition.
On January 25, 2016, Johnson Controls (NYSE: JCI) and Tyco (NYSE: TYC) announced that they have entered into a merger agreement under which Johnson Controls will combine withTyco.
Under the terms of the agreement, immediately prior to the merger, Tyco will effect a reverse stock split so that Tyco shareholders will receive a fixed exchange ratio of 0.9550 shares for each of their existing Tyco shares.
However, given that at least one analyst has set the high target price for NYSE:TYC shares at $50.00 per share, the investigation concerns whether the offer is unfair to NYSE:TYC stockholders. More specifically, the investigation concerns whether the Tyco International 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.
Tyco International plc (Ireland) Ordinary Share (NYSE:TYC) shares closed on February 9, 2016, at $34.65 per share.
Those who are current investors in Tyco International plc (Ireland) Ordinary Share (NYSE:TYC) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego