Post by
speedy99 on Feb 09, 2021 8:51am
litigation
I notice on the CRH site that there are four separate law firms inviting shareholders to contact their offices with respect to whether this buyout was conducted "fairly". The suggestion seems to be that the cash price offered to the company by WELL was insufficient considering the value of CRH. This should provide some solice to the few WELL shareholders on this who feel that WELL overpaid for CRH. In any event, let's hope this litigation does not get in the way of a transaction which will be of benefit to shareholders of both companies. I see these invitations from law firms frequently, on company sites, so much so that I do not now take them seriously.
Comment by
monty613 on Feb 09, 2021 8:57am
this is normal in any takeover - the purchase price will pass a fairness opinion and I am certain that CRH shareholders (largely institutions - ~50%) will be voting in favour of the sale
Comment by
Aarman4 on Feb 09, 2021 1:25pm
Pretty standard... Lawyers looking to make money for themselves, not their clients. Share price was 80% premium at the time, so any litigants have little to no legs to stand on. Cheers!