Remy International, Inc. (NASDAQ:REMY) Shareholder Notice: Acquisition Under Investigation

An investigation on behalf of investors of Remy International, Inc. (NASDAQ:REMY) in connection with the proposed takeover was announced and NASDAQ:REMY stockholders should contact the Shareholders Foundation.

Logo

San Diego, CA -- (SBWire) -- 07/28/2015 --An investigation for investors in NASDAQ:REMY shares was announced concerning whether the takeover of Remy International, Inc. by BorgWarner Inc for $29.50 per share is unfair to NASDAQ:REMY stockholders.

Investors who purchased shares of Remy International, Inc. (NASDAQ:REMY) and currently hold any of those NASDAQ:REMY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Remy International, Inc. breached their fiduciary duties owed to NASDAQ:REMY investors in connection with the proposed acquisition.

On July 13, 2015, Remy International, Inc. (NASDAQ:REMY) announced it has signed an agreement to be acquired by BorgWarner Inc. (NYSE: BWA). Under the terms of the agreement, BorgWarner will acquire all of the outstanding shares of Remy International, Inc. (NASDAQ:REMY) for $29.50 per share, in cash, which implies an enterprise value of Remy of approximately $1.2 billion.

However, given that at least one analyst has set the high target price for NASDAQ:REMY shares at $31.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:REMY stockholders. More specifically, the investigation concerns whether the Remy 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.

Those who are current investors in Remy International, Inc. (NASDAQ:REMY) 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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/613402