AP NEWS
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

WABCO (WBC) Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of WABCO Holdings Inc. Is Fair to Shareholders – WBC

April 15, 2019

NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of WABCO Holdings Inc. (“WABCO” or the “Company”) (NYSE: WBC) to ZF Friedrichshafen AG (“ZF”) is fair to WABCO shareholders.

If you are a WABCO shareholder and would like to discuss your legal rights and options, please visit WABCO (WBC) Merger Investigation or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

On or around February 28, 2019, KeyCorp set a target price for WABCO at $150.00 per share, or over 9% higher than ZF’s offer price of $136.50 per share. The investigation concerns whether WABCO and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for WABCO shareholders; (2) determine whether ZF is underpaying for WABCO; and (3) disclose all material information necessary for WABCO shareholders to adequately assess and value the merger consideration.

On behalf of WABCO shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

If you are a WABCO shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/wabco-holdings-inc-wbc-merger-zf-friedrichshafen-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Our attorneys represent investors all over the world who have fallen victim to securities fraud and corporate misconduct. They have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060 sadeh@halpersadeh.comzhalper@halpersadeh.comhttps://www.halpersadeh.com