NEW YORK, July 13, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Remy International Inc. ("Remy" or the "Company") (NASDAQ: REMY) for potential breaches of fiduciary duties in connection with the sale of the Company to BorgWarner Inc. for approximately $1.2 billion.
The Company's stockholders will only receive $29.50 for each share of Company common stock they own. However, the offer is just above the mean analyst price target of $28.50 as well as it is below the high price target. Furthermore, the Company's share price is expected to continue climbing.
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The investigation focuses on whether Remy's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Remy's shareholders.
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If you own common stock in Remy and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/REMY or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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