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WILMINGTON, Del., May 02, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Gardner Denver Holdings, Inc. (“Gardner Denver” or the “Company”) (NYSE: GDI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Ingersoll-Rand plc (“Ingersoll Rand”) (NYSE: IR).
The proposed transaction will be effected through a “Reverse Morris Trust” transaction pursuant to which Ingersoll Rand’s Industrial segment (“Ingersoll Rand Industrial”) is expected to be spun-off to Ingersoll Rand’s shareholders and simultaneously merged with and surviving as a wholly-owned subsidiary of Gardner Denver. The combination will result in existing Ingersoll Rand shareholders owning 50.1% of the combined company, with existing stockholders of Gardner Denver owning 49.9% of the combined company.
If you own common stock of Gardner Denver and purchased any shares before May 1, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A. , with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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