Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Monday, July 13, 2015
Faruqi & Faruqi Investigation: Remy International Inc.
Faruqi & Faruqi, LLP Announces the Investigation of Remy International Inc. (REMY) Over the Proposed Sale of the Company to BorgWarner Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Remy International Inc. (“Remy” or the “Company”) (NASDAQ:REMY) for potential breaches of fiduciary duties in connection with the sale of the Company to BorgWarner Inc. for approximately $1.2 billion.
The Company’s stockholders will only receive $29.50 for each share of Company common stock they own. However, the offer is just above the mean analyst price target of $28.50 as well as it is below the high price target. Furthermore, the Company’s share price is expected to continue climbing.
If you own common stock in Remy and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.