Shareholder Alert: The Ademi Firm Investigates Whether Flowserve Corporation Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Flowserve (NYSE: FLS) for possible breaches of fiduciary duty and other violations of law in its transaction with Chart Industries.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the reverse merger transaction, shareholders of Flowserve shareholders will own approximately 46.5% of the combined company. Flowserve insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Flowserve by imposing a significant penalty if Flowserve accepts a competing bid. We are investigating the conduct of the Flowserve board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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