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Rockwell Shareholders Upset Over Merger Bid - (via

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tedkov   Tuesday, 09/05/17 04:39:53 PM
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Rockwell Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
September 5, 2017
Tags: NewsPoints Rockwell Collins United Technologies United States Corporate Affairs Mergers &
Acquisitions

Rockwell Collins, Inc. shareholders are upset at the acquisition of the company and are attempting
to block the $30 billion purchase of the company by United Technologies Inc.
The shareholders accuse Rockwell's board of breach of fiduciary duties, arguing that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company.
Rockwell did not immediately respond to requests for a comment.
To contact the law firm handling the matter on behalf of shareholders of Rockwell who are seeking a higher price for their shares at no costt for more information call toll free 800.511.7037 or contact@tripplevy.com

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