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The Dun & Bradstreet Corporation (NYSE: DNB) Investor Lawsuit Over Alleged Wrongdoing In Acquisition Announced

  • Investors who purchased shares of The Dun & Bradstreet Corporation (NYSE: DNB) may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Dun and Bradstreet Corp
Security
NYSE: DNB

Case Name
Dun and Bradstreet DEal Case
Type of Lawsuit
Mergers and Acquisition
Court of Filing
U.S. District Court for the District of Delaware

Class Period Begin
Class Period End
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Summary

December 10, 2018 - The case was voluntarily dismissed.
September 19, 2018 - An investor, who currently holds shares of The Dun & Bradstreet Corporation (NYSE: DNB), filed a lawsuit in effort to halt the proposed takeover of The Dun & Bradstreet Corporation.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: DNB stockholders by agreeing to sell The Dun & Bradstreet Corporation cheaply via an unfair process.

On Aug. 8, 2018, The Dun & Bradstreet Corporation (NYSE: DNB) announced that it has entered into a merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P., along with a group of other distinguished investors.

Under the terms of the agreement, The Dun & Bradstreet Corporation (NYSE: DNB) shareholders will receive $145.00 in cash for each share of common stock they own, in a transaction valued at $6.9 billion including the assumption of $1.5 billion of Dun & Bradstreet’s net debt and net pension obligations.

However, plaintiff claims that the proposed consideration NYSE: DNB shareholders will receive is grossly inadequate and undervalues The Dun & Bradstreet Corporation. The Dun & Bradstreet Corporation reported that its annual Total Revenue rose from over $1.7 billion in 2016 to over $174 billion in 2017 and that its Net Income increased from $97.40 million in 2016 to $140.9 million in 2017. In addition, the plaintiff alleges that the process is also unfair NYSE: DNB stockholders.