WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of CareFusion Corporation (NYSE:CFN) (“CareFusion” or the “Company”) relating to the sale of the Company to Becton Dickinson & Company (“Becton”). On October 5, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Becton will acquire CareFusion in a merger worth $12.2 billion. As a result of the merger, CareFusion shareholders are only anticipated to receive a total of $58.00 per share ($49.00 per share in cash and 0.0777 of a share of Becton) in exchange for each share of CareFusion.
Our Firm’s investigation questions the sales process leading up to the announcement of the merger given the questionable timing of the deal. Indeed, the announcement of the merger was uniquely timed after CareFusion hit its 52-week high on Friday, October 3, 2014. Our investigation also focuses on the insufficient consideration that CareFusion shareholders are expected to receive. Following the merger, CareFusion shareholders are expected to be substantially diluted, owning only 8% of the combined company. Additionally, the 0.0777 exchange ratio restricts the value that CareFusion shareholders are expected to receive by exposing CareFusion shareholders to the volatility of Becton’s share price.
If you own shares of CareFusion and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/CFN or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.