SAN DIEGO, Sept. 29, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an investor, who currently holds shares of Sigma-Aldrich Corporation (SIAL), filed a lawsuit in effort to stop the proposed takeover of Sigma-Aldrich Corporation by Merck KGaA for $140 per share.
If you purchased shares of Sigma-Aldrich Corporation (SIAL) prior to September 22, 2014, and currently hold any of those Sigma-Aldrich shares, you have certain options and you should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.
On September 22, 2014, Merck KGaA and Sigma-Aldrich announced that they have entered into an agreement under which Merck KGaA will acquire Sigma-Aldrich for $17.0 billion. Under the terms of the proposed transaction Merck KGaA will acquire all of the outstanding shares of Sigma-Aldrich for $140 per share in cash.
However, the plaintiff claims that the offer is too low and undervalues Sigma-Aldrich Corporation. Indeed, Sigma-Aldrich Corporation's performance improved recently. In fact, Sigma-Aldrich Corporation reported that its annual Total Revenue rose from over $2.27 billion in 2010 to over $2.7 billion in 2013 and that its respective Net Income increased from $384 million to $491 million. In addition, the plaintiff alleges that the process is also unfair to Sigma-Aldrich stockholders.
Investors who currently hold Sigma-Aldrich Corporation shares and purchased any of those Sigma-Aldrich shares prior to the September 22, 2014 announcement have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com 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.