(VNE): Johnson Fistel Investigates Proposed Sale of Veoneer, Inc.; Is $37.00 a Fair Price?
San Diego – PRNewswire—October 5, 2021
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Veoneer, Inc. (NYSE: VNE) (“Veoneer” or the “Company”) breached their fiduciary duties in connection with the proposed sale of the Company to Qualcomm Incorporated and SSW Partners.
On October 4, 2021, Veoneer announced that it had entered into a definitive agreement to be acquired by Qualcomm Incorporated and SSW Partners. Under the terms of the deal, Veoneer stockholders will receive $37.00 per share in cash.
The investigation concerns whether the Veoneer board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Veoneer shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration. The 52-week high for Veoneer was $40.46.
If you are a shareholder of Veoneer, Inc. and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.