Bernstein Liebhard LLP Announces Investigation Into the Proposed Sale of Rockwell Collins, Inc.
October 17, 2017
Bernstein Liebhard LLP is investigating whether the Board of Directors of Rockwell Collins, Inc. (“Rockwell” or the “Company”) (NYSE: COL) is breaching its fiduciary duties to its shareholders by agreeing to sell the Company to United Technologies Corp. (“UTC”). As a result of the merger, Rockwell shareholders will receive $93.33 in cash and $46.67 in UTC shares for each share of Rockwell, for a total per-share consideration of $140.00.
The investigation is focused on the potential unfairness of the consideration offered to Rockwell shareholders and the process by which the Rockwell Board of Directors considered and approved the acquisition.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times.