Shareholder Alert: Robbins Arroyo LLP Is Investigating the Acquisition of Layne Christensen Company (LAYN) on Behalf of Shareholders
SAN DIEGO & THE WOODLANDS, Texas--(BUSINESS WIRE)--Sep 10, 2019--
Shareholder rights attorneys at Robbins Arroyo LLP are investigating whether certain officers and directors of Layne Christensen Company (NASDAQ: LAYN) breached their fiduciary duties to shareholders in the June 2018 acquisition of Layne Christensen by Granite Construction Incorporated (NYSE: GVA). Under the terms of the agreement, Layne Christensen shareholders received 0.270 Granite shares for each share of Layne Christensen common stock, or a value of $17.00 per Layne Christensen share. Layne Christenson is a global water management, infrastructure services, and drilling company.
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Former Layne Christensen Company (LAYN) Shareholders Who Received Granite Construction Incorporated (GVA) shares in the Merger Have Legal Options
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20190910006179/en/
CONTACT: Leonid Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA TEXAS
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Robbins Arroyo LLP
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PUB: 09/10/2019 08:05 PM/DISC: 09/10/2019 08:05 PM