SAN DIEGO, Sept. 29, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an investor, who currently holds shares of Dresser-Rand Group Inc. (DRC), filed a lawsuit in effort to stop the proposed takeover of Dresser-Rand Group Inc.by Siemens for $83 per share.
Investors, who purchased shares of Dresser-Rand Group Inc. (DRC) prior to September 21, 2014, and currently hold any of those DRC shares, have certain options and should contact the Shareholders Foundation, Inc. at email@example.com or call +1 (858) 779 - 1554.
On September 21, 2014, Dresser-Rand Group Inc. (DRC) announced that it has entered into a merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash.
However, the plaintiff claims that the offer is too low and undervalues Dresser-Rand Group Inc. Indeed, at least one analyst has set the high target price for DRC at $100.00 per share. Furthermore, the plaintiff alleges that the process is also unfair to DRC stockholders.
Those who currently hold Dresser-Rand Group Inc. (DRC) shares and purchased any of those DRC shares prior to the announcement have certain options and should contact the Shareholders Foundation, Inc. at firstname.lastname@example.org or call +1 (858) 779 - 1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 email@example.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.