NEW YORK, Sept. 22, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Goodrich Corp. ("Goodrich" or the "Company") (NYSE: GR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to United Technologies Corp. (NYSE: UTX). Under the terms of the transaction, Goodrich shareholders will receive $127.50 per share of Goodrich stock they own. The transaction has a total approximate value of $18.4 billion, including $1.9 billion in net debt.
Click here to learn how to join the action: http://www.zlk.com/goodrich-gr, or call: 877-363-5972.
The investigation concerns whether the Goodrich Board of Directors breached their fiduciary duties to Goodrich stockholders by failing to adequately shop the Company before entering into this transaction and whether United Technologies Corp. is underpaying for Goodrich shares, thus unlawfully harming Goodrich stockholders. In particular, at least one analyst set a price target of $130.00 per Goodrich share.
If you own common stock in Goodrich and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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