NEW YORK, Feb. 14, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of AquaVenture
Holdings Limited ("WAAS" or the "Company") (NASDAQ: WAAS) in
connection with the proposed acquisition of the Company by
Culligan Water. Under the
terms of the acquisition agreement, shareholders will receive
$27.10 for each share of WAAS they
own.
If you own WAAS shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/aquaventure-holdings-limited/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether WAAS's board of directors
acted to maximize shareholder value prior to entering into the
acquisition agreement, and whether WAAS shareholders have enough
information to cast a fully informed vote on the proposed
transaction. Notably, at least one analyst set a target price
of $37.00 per WAAS share, or
approximately $10.00 above the
$27.10 merger consideration being
offered to WAAS shareholders. Additionally, the Company
recently announced positive financial results for the third quarter
of 2019. It reported total revenues of $52.9 million, representing an impressive 43.8%
increase over the previous year.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP