Cases
Civitas Solutions, Inc. (CIVI)
Merger
Overview
Overview
- Date:
- 12/18/2018
- Company Name:
- Civitas Solutions, Inc.
- Stock Symbol:
- CIVI
- Company Name - Buyer:
- Centerbridge Partners, L.P.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 12/18/2018
NEW YORK, December 18, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Civitas Solutions, Inc. (NASDAQ: CIVI) on behalf of stockholders concerning the proposed acquisition of the company by Centerbridge Partners, L.P.
Pursuant to the proposed transaction, announced on December 18, 2018 and valued at $1.4 billion, Civitas stockholders will receive $17.75 in cash for each share of Civitas common stock owned. The investigation focuses on whether Civitas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Civitas shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on December 18, 2018 and valued at $1.4 billion, Civitas stockholders will receive $17.75 in cash for each share of Civitas common stock owned. The investigation focuses on whether Civitas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Civitas shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.