NEW YORK, Feb. 9, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Aerojet Rocketdyne Holdings, Inc. ("Aerojet" or the "Company") (NYSE: AJRD) in connection with the proposed acquisition of the Company by Lockheed Martin Corporation (NYSE: LMT), a global security and aerospace company. Under the terms of the merger agreement, Aerojet shareholders will receive $56.00 in cash, without interest, less any dividends declared prior to the merger. The per share price is expected to be reduced to $51.00 after the expected pre-closing payment of a special cash dividend of $5.00 per share to Aerojet shareholders.
If you own Aerojet shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether Aerojet's board acted in the best interest of Aerojet's public shareholders in agreeing to the proposed transaction, whether the merger consideration represents full and fair value for Aerojet shares, and whether all information regarding the sales process and valuation of the transaction has been fully and fairly disclosed. Notably, the merger consideration is a discount to Aerojet's 52 week high stock price of $57.27. Additionally, an analyst set a price target of $56.00 for Aerojet, higher than the proposed merger consideration.
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 firstname.lastname@example.org
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SOURCE WeissLaw LLP