An investigation on behalf of investors of PAREXEL International Corporation (NASDAQ:PRXL) in connection with the proposed takeover was announced and NASDAQ:PRXL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/27/2017 -- An investigation was announced for investors, who currently hold shares of PAREXEL International Corporation (NASDAQ:PRXL), concerning whether the takeover of PAREXEL International. by Pamplona Capital Management, LLP is unfair.
Investors who purchased shares of PAREXEL International Corporation (NASDAQ:PRXL) and currently hold any of those NASDAQ:PRXL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of PAREXEL International Corporation breached their fiduciary duties owed NASDAQ:PRXL investors in connection with the proposed acquisition.
On Jun. 20, 2017, PAREXEL International Corporation (NASDAQ: PRXL) and Pamplona Capital Management, LLP announced that they have entered into a definitive agreement under which Pamplona Capital Management, LLP will acquire all of the outstanding shares of PAREXEL International Corporation (NASDAQ:PRXL) for $88.10 per share in cash in a transaction valued at approximately $5.0 billion, including PAREXEL's net debt.
However, given that at least one analyst has set the high target NASDAQ:PRXL shares at $90.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:PRXL stockholders. More specifically, the investigation concerns whether the PAREXEL 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.
On June 26, 2017, NASDAQ:PRXL shares closed at $87.05 per share.
Those who are current investors in PAREXEL International Corporation 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