FIDELITY & GUARANTY LIFE (FGL) INVESTOR ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Fidelity & Guaranty Life
FIDELITY & GUARANTY LIFE (FGL)
Last fidelity & guaranty life earnings: 11/15 04:15 pm
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US:NYSE Investor Relations:
fidelity.com
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Source: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Fidelity & Guaranty Life (NYSE: FGL) (“Fidelity & Guaranty” or the “Company”) relating to the sale of the Company to CF Corporation (“CF”). On May 24, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which CF will acquire Fidelity & Guaranty in a merger worth $1.835 billion. As a result of the merger, Fidelity & Guaranty shareholders are only anticipated to receive $31.10 per share in cash in exchange for each share of Fidelity & Guaranty. Our investigation has so far revealed that the consideration Fidelity & Guaranty’s shareholders are expected to receive is inadequate. The $31.10 per share consideration is only an 8.36%
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