NEW YORK, Oct. 2, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Calgon Carbon Corp. ("CCC" or the "Company") (NYSE: CCC) in connection with the proposed acquisition of the Company by Japan's Kuraray Co. Ltd. Under the terms of the acquisition agreement, the Company's shareholders will receive $21.50 in cash for each CCC share they own.
WeissLaw is investigating whether CCC's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $22.00 per CCC share. Additionally, CCC recently announced positive financial results for the second quarter of 2017. It reported net sales of $153 million, representing an increase of $20.4 million or $15.4% year-over-year when compared to the $132.6 million reported for the same period of the prior year.
Moreover, according the Company September 21 announcement, the transaction is a strategic acquisition which "will enhance Kuraray's growth strategy and global presence in activated carbon and filtration media."
Given these facts, WeissLaw is investigating whether CCC's Board acted in the best interests of CCC's public shareholders to maximize shareholder value prior to entering into the agreement. If you own CCC shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
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 firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/calgon-carbon-corp/
SOURCE WeissLaw LLP