1. Halper Sadeh LLC investigates the Flowserve acquisition of Chart Industries. 2. Concerns exist about potential underpayment and lack of disclosures. 3. Shareholders may not receive the best possible merger consideration. 4. Legal actions could seek better terms or additional disclosures. 5. The investigation reflects broader corporate governance issues.
M&A investigations often lead to uncertainty, negatively affecting stock prices. Historical cases show similar outcomes may lead to price declines if perceived unfair.
The outcome of this investigation can affect GTLS’s stock value directly, as it questions the fairness of the merger terms.
Market reactions to legal investigations are typically immediate. The uncertainty surrounding the merger's terms can create volatility in the near term.
NEW YORK--(BUSINESS WIRE)-- Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Chart Industries, Inc. (NYSE: GTLS) to Flowserve Corporation for 3.165 shares of Flowserve common stock for each share of Chart common stock is fair to Chart shareholders.
Halper Sadeh encourages Chart shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether Chart and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Chart shareholders; (2) determine whether Flowserve is underpaying for Chart; and (3) disclose all material information necessary for Chart shareholders to adequately assess and value the merger consideration.
On behalf of Chart shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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