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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Con-way Inc (NYSE: CNW) acted responsibly on behalf of investors’ profitability in the planned $3 billion sale to XPO Logistics Inc (NYSE: XPO).
On September 9, 2015, Con-way Inc (NYSE: CNW) and XPO Logistics Inc (NYSE: XPO) announced that they had entered into a merger agreement. Under the terms of the merger agreement, XPO will offer Con-way shareholders $47.60 per share in cash for all outstanding shares.
Based in Ann Arbor, MI, and founded in 1929 Con-way Inc is a transportation, logistics, and supply chain management services company. Their international business is divided into Freight, Logistics, and Truckload.
The investigation is looking to uncover whether Con-way Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $59.00 per share.
If you purchased Con-way Inc (NYSE: CNW) prior to September 9, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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