SAN DIEGO, Feb. 12, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CSRA Inc. (NYSE: CSRA) breached their fiduciary duties in connection with the proposed sale of the Company to General Dynamics (NYSE: GD).
On February 12, 2018, CSRA announced that it had signed a definitive merger agreement with General Dynamics. Under the terms of the agreement, General Dynamics will acquire each share of outstanding common stock of CSRA in exchange for $ 40.75 per share in cash.
The investigation concerns whether the CSRA board failed to satisfy its 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 CSRA shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $42.00 price target on the stock.
If you are a shareholder of CSRA and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, 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.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP