Remy International, Inc. (NASDAQ:REMY) Investor Investigation Over Possible Breaches Of Fiduciary Duties In Takeover Announced

If you purchased shares of Remy International, Inc. (NASDAQ:REMY) and currently hold any of those NASDAQ:REMY 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): 
Remy

July 20, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Remy International, Inc. (NASDAQ:REMY), was announced concerning whether the takeover of Remy International, Inc. by BorgWarner Inc for $29.50 per share is unfair to NASDAQ:REMY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Remy International, Inc. breached their fiduciary duties owed to NASDAQ:REMY investors in connection with the proposed acquisition.

On July 13, 2015, Remy International, Inc. (NASDAQ:REMY) announced it has signed an agreement to be acquired by BorgWarner Inc. (NYSE: BWA). Under the terms of the agreement, BorgWarner will acquire all of the outstanding shares of Remy International, Inc. (NASDAQ:REMY) for $29.50 per share, in cash, which implies an enterprise value of Remy of approximately $1.2 billion.

However, given that at least one analyst has set the high target price for NASDAQ:REMY shares at $31.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:REMY stockholders. More specifically, the investigation concerns whether the Remy International 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.