C R Bard Inc (NYSE:BCR) Investor Investigation Over Possible Breaches Of Fiduciary Duties In Acquisition Announced

If you purchased shares of C R Bard Inc (NYSE:BCR) and currently hold any of those NYSE:BCR shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
C.R. Bard
Affected Securities: 

May 6, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of C R Bard Inc (NYSE:BCR), was announced concerning whether the takeover of C. R. Bard Inc. by Becton, Dickinson and Company is unfair to NYSE:BCR stockholders.

The investigation by a law firm concerns whether certain officers and directors of C.R. Bard Inc breached their fiduciary duties owed to NYSE:BCR investors in connection with the proposed acquisition.

On April 23, 2017, BD (Becton, Dickinson and Company) (NYSE: BDX) and C R Bard Inc (NYSE:BCR) announced an agreement under which BD will acquire C R Bard Inc (NYSE:BCR) for $317.00 per NYSE:BCR common share in cash and stock, for a total consideration of $24 billion.

However, the investigation concerns whether the offer is unfair to NYSE:BCR stockholders. More specifically, the investigation concerns whether the C R Bard 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.

C R Bard Inc reported that its annual Total Revenue rose from over $3.41 billion in 2015 to over $3.71 billion in 2016 and that its Net Income declined from $135.40 million in 2015 to $531.40 million in 2016.