WILMINGTON, Del., Oct. 9, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed on behalf of stockholders of CareFusion Corporation ("CareFusion" or the "Company") (NYSE:CFN) seeking to challenge the Company's recently announced merger.
If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On October 5, 2014, CareFusion and Becton Dickinson & Company ("Becton") announced the signing of a definitive merger agreement pursuant to which Becton will acquire CareFusion in a merger worth $12.2 billion. As a result of the merger, CareFusion shareholders are only anticipated to receive a total of $58.00 per share ($49.00 per share in cash and 0.0777 of a share of Becton) in exchange for each share of CareFusion. Indeed, the announcement of the merger was uniquely timed after CareFusion hit its 52-week high on Friday, October 3, 2014. Additionally, following the merger, CareFusion shareholders are expected to be substantially diluted, owning only 8% of the combined company. The 0.0777 exchange ratio restricts the value that CareFusion shareholders are expected to receive by exposing CareFusion shareholders to the volatility of Becton's share price.
On October 8, 2014, a CareFusion shareholder represented by another law firm filed a class action complaint that challenges the Company's merger with Becton. The complaint was filed in the Delaware Court of Chancery, Case No. 10214.
If you own shares of CareFusion and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/CFN or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.