NEW YORK, April 25, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of C. R. Bard, Inc.
("BCR" or the "Company")(NYSE: BCR) in connection with the proposed
merger of the Company with Becton, Dickson and Company
("BDX")(NYSE: BDX). Under the terms of the agreement, the
Company's shareholders will receive $222.93 in cash and 0.5077 of a share of BDX for
each share of BCR they own, representing consideration of
$317.00 based on BDX's April 21 closing price.
WeissLaw is investigating whether BCR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, upon closing of the transaction, BCR shareholders will own
a meager 15% of the combined companies. Additionally, the
deal will position the combined company as an industry leader,
while also accelerating its global footprint by leveraging BCR's
strong product portfolio of specialty devices. Finally, on
April 23, 2017, the same day as the
acquisition announcement, BCR reported a 7% increase in net sales
in the first quarter of 2017 to $938.8
million, and an impressive 54% increase in earnings per
share on a diluted basis to $2.37.
Given these facts, WeissLaw is investigating whether BCR's Board
acted in the best interests of BCR's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own BCR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771
or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form on
our website, http://www.weisslawllp.com/c-r-bard-inc/
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SOURCE WeissLaw LLP