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.
The Company’s stockholders will only receive $32.50, including dividends, for each share of Company common stock they own. However, the offer represents a negligible premium to Symetra’s August 14, 2015 opening price of $31.55 per share.
The investigation focuses on whether Symetra’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Symetra’s shareholders.
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