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If you purchased shares of General Cable Corporation (NYSE:BGC) and currently hold any of those NYSE:BGC shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
An investigation on behalf of investors, who currently hold shares of General Cable Corporation (NYSE:BGC), was announced concerning whether the takeover of General Cable Corporation by Prysmian Group is unfair to NYSE:BGC stockholders.
The investigation by a law firm concerns whether certain officers and directors of General Cable Corporation breached their fiduciary duties owed to NYSE:BGC investors in connection with the proposed acquisition.
On December 4, 2017, Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE:BGC) announced that they have entered into a merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash.
However, the investigation concerns whether the offer is unfair to General Cable Corporation (NYSE:BGC stockholders. More specifically, the investigation concerns whether the General Cable Corporation (NYSE:BGC Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
