MONSEY, N.Y., April 14, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the directors of Vidler Water Resources, Inc. (ticker: VWTR) (“Vidler”) acted in the best interests of Vidler shareholders in approving the sale of Vidler to D.R. Horton, Inc. (ticker: DHI) (“DHI”) for $15.75 per share in cash—a price that is below the $16.27 per share at which VWTR closed the day before the deal was announced.
If you remain a Vidler shareholder and have questions about your legal rights, you may contact our firm at the following link to discuss your options at no charge:
https://wohlfruchter.com/cases/vidler-water-resources/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
Why is there an investigation?
On April 14, 2022, DHI announced that it plans to acquire all of the outstanding shares of Vidler for $15.75 per share in cash in a tender offer.
Wohl & Fruchter’s investigation concerns whether Vidler’s board acted in the best interests of Vidler shareholders in approving the sale to DHI, including whether the acquisition price adequately compensates Vidler shareholders, and whether all information regarding approval of the transaction has been fully disclosed.
In particular, on April 13, 2022—the day before the deal was announced—Vidler closed at $16.27 per share.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
