Fairmount Santrol Holdings Inc. (NYSE: FMSA) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

Investors who purchased shares of Fairmount Santrol Holdings Inc. (NYSE: FMSA) and currently hold any of those NYSE: FMSA shares have certain options and 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): 
Fairmount Santrol Holdings
Affected Securities: 
NYSE: FMSA

An investigation on behalf of investors, who currently hold shares of Fairmount Santrol Holdings Inc. (NYSE: FMSA), was announced concerning whether the takeover of Fairmount Santrol Holdings Inc. is unfair to NYSE: FMSA stockholders.

The investigation by a law firm concerns whether certain officers and directors of Fairmount Santrol Holdings Inc. breached their fiduciary duties owed to NYSE: FMSA investors in connection with the proposed acquisition.

On Dec. 12, 2017, Fairmount Santrol (NYSE:FMSA) and Unimin Corporation announced that the Boards of Directors of both companies have approved an agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.. Under the terms of the transaction, Fairmount shareholders will receive approximately $0.74 per share. Investors representing 26% of Fairmount’s outstanding common stock have already agreed to tender their shares.

However, the investigation concerns whether the offer is unfair to NYSE: FMSA stockholders. More specifically, the investigation concerns whether the Fairmount Santrol Holdings 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.

Fairmount Santrol Holdings Inc. reported that its annual Total Revenue rose from $535.01 million in 2016 to $959.79 million in 2017 and that its Net Loss of $140.19 million in 2016 turned into a Net Income of $53.78 million in 2017