in Newswire Published on June 14, 2017

VWR Faces Another Securities Lawsuit over 'Misleading' Proxy

Last Updated on May 8, 2018

Lawrence v. VWR Corporation et al

Filed: June 14, 2017 ◆§ 2:17-cv-02758-WB

VWR Corporation and its board of directors are facing another securities lawsuit filed by a stockholder who claims the company issued a misleading proxy statement.

Defendant(s)

VWR Corporation

Law(s)

State(s)

Pennsylvania

Categories

Securities

VWR Corporation and its board of directors are facing another securities lawsuit filed by a stockholder who claims the company issued a misleading proxy statement in connection with a merger between VWR and Avantor, Inc. The deal allegedly proposes that Avantor will acquire VWR for $33.25 in cash per share of VWR common stock, which “fails to adequately compensate the Company’s shareholders,” according to the suit. Furthermore, the plaintiff claims that the proxy statement is missing information about VWR’s financial projections and details of the valuation analyses performed by the company’s financial advisor. Without this information, he argues, stockholders cannot confidently determine whether they support the deal.

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