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VCA Inc (NASDAQ:WOOF) Investor Lawsuit Against Acquisition By Mars, Incorporated Filed

  • If you purchased shares of VCA Inc (NASDAQ:WOOF) and currently hold any of those NASDAQ:WOOF shares, you have certain options and you should 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

Company
VCA Inc
Security
NASDAQ: WOOF

Case Name
VCA Deal Case 03/03/2017
Type of Lawsuit
Mergers and Acquisition
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Summary

March 3, 2017 (Shareholders Foundation) - An investor, who currently holds shares of VCA Inc (NASDAQ:WOOF), filed a lawsuit in effort to halt the proposed takeover of VCA Inc. by Mars, Incorporated for $93 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:WOOF stockholders by agreeing to sell VCA Inc. too cheaply via an unfair process to Mars, Incorporated.

On January 9, 2017, Mars, Incorporated and VCA Inc (NASDAQ:WOOF) announced that they have entered an agreement under which Mars will acquire all of the outstanding shares of VCA Inc (NASDAQ:WOOF) for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt.

However, plaintiff claims that the proposed consideration NASDAQ:WOOF shareholders will receive is grossly inadequate and undervalues VCA Inc. VCA Inc reported that its annual Total Revenue rose from over $1.91 billion in 2014 to over $2.13 billion in 2015 and that its Net Income increased from $135.44 million in 2014 to $211.05 million in 2015. In addition, the plaintiff alleges that the process is also unfair NASDAQ:WOOF stockholders.