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Stock impact report

Civitas (CIVI) Alert: Johnson Fistel Investigates Proposed Sale of Civitas Solutions, Inc. to Centerbridge Partners, L.P.; Are Shareholders Getting a Fair Deal?

Civitas Resources, Inc. (CIVI) 
Last civitas resources, inc. earnings: 8/7 04:15 pm Check Earnings Report
US:NYSE Investor Relations: civitas-solutions.com/investor-relations
Company Research Source: PR Newswire
SAN DIEGO, Dec. 18, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Civitas Solutions, Inc. (NYSE: CIVI) ("Civitas") breached their fiduciary duties in connection with the proposed sale of the Company to Centerbridge Partners, L.P. ("Centerbridge").On December 18, 2018, Civitas announced that it had signed a definitive merger agreement with Centerbridge. Under the terms of the merger agreement, Centerbridge will acquire all outstanding shares of Civitas common stock for $17.75 in cash per share of Civitas common stock.The investigation concerns whether the Civitas board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Civitas shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate considera Show less Read more
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