WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of WCI Communities, Inc. (NYSE: WCIC)?
- Did you purchase any of your shares prior to September 22, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of WCI Communities, Inc. (“WCI” or the “Company”) (NYSE: WCIC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Lennar Corporation (“Lennar”) (NYSE: LEN), in a transaction valued at approximately $643 million.
Click here to learn more: http://rigrodskylong.com/investigations/wci-communities-inc-wcic.
Under the terms of the agreement, shareholders of WCI will receive $11.75 in cash and a fraction of a share of Lennar Class A common stock with a value of $11.75, based on the volume weighted average price of Lennar's Class A common stock on the New York Stock Exchange over the ten trading days preceding the WCI stockholder vote on the merger.
The investigation concerns whether WCI’s board of directors failed to adequately shop the Company and obtain the best possible value for WCI shareholders before entering into an agreement with Lennar.
If you own the common stock of WCI and purchased your shares before September 22, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/wci-communities-inc-wcic.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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