Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Rockwell Collins, Inc. (“Rockwell”) (NYSE: COL) concerning the sale to United Technologies Corp. (NYSE: UTX). Under the terms of the agreement, Rockwell shareholders will only receive $93.33 per share in cash and $46.67 in shares of United Technologies (subject to a 7.5 percent collar based on United Technologies’ August 22, 2017, closing share price of $115.69) for each Rockwell share held. The total consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $145.00 per share.
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org or by calling (888) 809-2750. There is no cost or fee to you.
The investigation centers on whether the Board of Directors of Rockwell is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $145.00.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.