Fidelity & Guaranty Life (NYSE:FGL) Investor Investigation Over Potential Wrongdoing In Acquisition Announced

If you purchased shares of Fidelity & Guaranty Life (NYSE:FGL) and currently hold any of those NYSE:FGL shares, you have certain options and you hould 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): 
Fidelity & Guaranty Life
Affected Securities: 
NYSE: FGL

May 31, 2017 (Update) - On May 24, 2017, CF Corporation (NASDAQ: CFCO) and Fidelity & Guaranty Life (NYSE:FGL) announced that their boards of directors have each unanimously approved a definitive merger agreement under which CF Corp. will acquire Fidelity & Guaranty Life (NYSE:FGL) for $31.10 per share in cash, or a total of approximately $1.835 billion, plus the assumption of $405 million of existing debt.

However, the investigation concerns whether the offer is unfair to NYSE:FGL stockholders. Moreover, the investigation concerns whether the Fidelity & Guaranty Life 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.

November 17, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Fidelity & Guaranty Life (NYSE:FGL), was announced concerning whether the takeover of Fidelity & Guaranty Life by Anbang Insurance Group Co for $26.80 per share is unfair to NYSE:FGL stockholders.

The investigation by a law firm concerns whether certain officers and directors of Fidelity & Guaranty Life breached their fiduciary duties owed to NYSE:FGL investors in connection with the proposed acquisition.

On November 9, 2015, Anbang Insurance Group Co., Ltd. and Fidelity & Guaranty Life (NYSE:FGL) announced that they have entered into a merger agreement on November 8, 2015 pursuant to which Anbang Insurance Group Co., Ltd will acquire FGL for $26.80 per share.

However, given that NYSE:FGL shares traded in the open market as recently as October 23, 2015 as high as $27.87 per share, the investigation concerns whether the offer is unfair to NYSE:FGL stockholders. More specifically, the investigation concerns whether the Fidelity & Guaranty Life 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.