San Diego, CA -- (SBWire) -- 05/03/2022 --Certain directors of Vidler Water Resources, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Vidler Water Resources, Inc. (NASDAQ: VWTR) 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 Vidler Water Resources directors breached their fiduciary duties and caused damage to the company and its shareholders.
Carson City, NV based Vidler Water Resources, Inc., together with its subsidiaries, provides potable water resources to communities in the southwestern United States.
On April 14, 2022, D.R. Horton, Inc. (NYSE: DHI), and Vidler Water Resources, Inc. (Nasdaq: VWTR) ("Vidler") announced that the two companies have entered into a merger agreement pursuant to which D.R. Horton will acquire Vidler for $15.75 per share in an all-cash transaction.
However, given that at least one analyst has set the high price target at $31.00 per share and givent hat NASDAQ: VWTR shares traded in the open market prior to the takeover announcement at $16.85 per share on April 11, 2022, the investigation concerns whether the offer is unfair to NASDAQ: VWTR stockholders. More specifically, the investigation concerns whether the Vidler Water Resources, Inc. 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.
Vidler Water Resources, Inc. reported that its annual Total Revenue rose from $9.029 million in 2020 to $28.22 million in 2021, and that its Net Income increased from $10 million in 2020 to $32.91 million in 2021.
Those who are current investors in Vidler Water Resources, Inc. (NASDAQ: VWTR) 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
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:VWTR Investor Notice: Investigation over Potential Wrongdoing at Vidler Water Resources, Inc.
An investigation on behalf of investors in Vidler Water Resources, Inc. (NASDAQ:VWTR) shares over potential wrongdoing at Vidler Water Resources, Inc. was announced.