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If you purchased shares of TRC Companies, Inc. (NYSE:TRR) and currently hold any of those NYSE:TRR shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
April 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of TRC Companies, Inc. (NYSE:TRR), was announced concerning whether the takeover of TRC Companies, Inc. for $17.55 per share is unfair to NYSE:TRR stockholders.
The investigation by a law firm concerns whether certain officers and directors of TRC Companies, Inc. breached their fiduciary duties owed to NYSE:TRR investors in connection with the proposed acquisition.
On 03/31/17, TRC Companies, Inc. (NYSE:TRR) announced that it has entered into a merger agreement with affiliates of New Mountain Partners IV, L.P., an investment fund managed by New Mountain Capital, LLC, under which New Mountain will acquire TRC Companies, Inc. (NYSE:TRR) in an all cash transaction valued at $17.55 per share of common stock.
However, the investigation concerns whether the offer is unfair to NYSE:TRR stockholders. More specifically, the investigation concerns whether the TRC Companies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
