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.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Con-way Inc. (“Con-way” or the “Company”) (NYSE:CNW) for potential breaches of fiduciary duties in connection with the sale of the Company to XPO Logistics, Inc. for approximately $3 billion in a cash transaction.
The Company’s stockholders will only receive $47.60 for each share of Company common stock they own. However, this offer is below the Company’s 52-week high and at least an analyst’s target price of $59.00 per share.