NEW YORK, Feb. 14, 2018 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CSRA Inc. (“CSRA” or the “Company”) (NYSE: CSRA) in connection with the proposed acquisition of the Company by defense contractor General Dynamics. Under the terms of the acquisition agreement, the Company’s shareholders will receive $40.75 for each CSRA share they own.
WeissLaw is investigating whether CSRA’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $42.00 per share, or $1.25 above the offer price. Additionally, in a recent press release, the Company highlighted some of its financial successes in the third quarter of fiscal year 2018. It reported revenue of $1.31 billion, which represents an increase of 7% when compared to the figures reported in the same period of the previous year.
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Given these facts, WeissLaw is investigating whether CSRA’s Board acted in the best interests of CSRA’s public shareholders to maximize shareholder value prior to entering into the agreement. If you own CSRA shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/csra-inc/.
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