(GV) Alert: Johnson Fistel Investigates Proposed Sale of The Goldfield Corporation; Are Shareholders Getting a Fair Price?
(GV) Alert: Johnson Fistel Investigates Proposed Sale of The Goldfield Corporation; Are Shareholders Getting a Fair Price? |
[24-November-2020] |
SAN DIEGO, Nov. 24, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of The Goldfield Corporation ("Goldfield" or the "Company") (NYSE: GV) breached their fiduciary duties in connection with the proposed sale of the Company to First Reserve. On November 24, 2020, Goldfield announced that it had entered into a definitive merger agreement with First Reserve. Under the terms of the acquisition agreement, the Company's shareholders will receive $7.00 per share in cash. The investigation concerns whether the Goldfield board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Goldfield shares of common stock. If you are a shareholder of Goldfield and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. Additionally, you can [Click here to join this action]. There is no cost or obligation to you. About Johnson Fistel, LLP: Contact: [Click here to join this action] View original content:http://www.prnewswire.com/news-releases/gv-alert-johnson-fistel-investigates-proposed-sale-of-the-goldfield-corporation-are-shareholders-getting-a-fair-price-301179774.html SOURCE Johnson Fistel, LLP | ||
Company Codes: AMEX:GV |
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