SAN DIEGO, Nov. 21, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Headwaters
Incorporated (NYSE: HW) breached their fiduciary duties in
connection with the proposed sale of the Company to Boral Limited.
Headwaters is a provider of products and services to the building
and construction materials sector primarily in the United States and Canada.
On November 20, 2016, Headwaters
announced it had signed a definitive merger agreement with Boral.
Under the terms of the agreement, Boral will acquire all of the
outstanding shares of Headwaters common stock for $24.25 per share in cash.
The investigation concerns whether the Headwaters board failed
to satisfy their duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Headwaters shares of common stock. Nationally recognized
Johnson & Weaver is investigating whether the proposed deal
price represents adequate consideration.
If you are a shareholder of Headwaters and believe the
proposed buyout price is too low and you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP