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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Fidelity & Guaranty Life Common (NYSE: FGL) acted responsibly on behalf of investors’ profitability in the planned $1.57 billion sale to Anbang Insurance Group Co Ltd.
On November 9, 2015, Fidelity & Guaranty Life Common (NYSE: FGL) and Anbang Insurance Group Co Ltd announced that they had entered into a merger agreement. Under the terms of the agreement, Anbang Insurance Group Co Ltd will acquire Fidelity & Guaranty Life Common for $26.80 per share in cash.
Based in Des Moines, Iowa, and founded in 1959 Fidelity & Guaranty Life Common provides annuity products and life insurance.
The investigation is looking to uncover whether Fidelity & Guaranty Life Common was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $30.00 per share.
If you purchased Fidelity & Guaranty Life Common (NYSE: FGL) prior to November 9, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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