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Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Advanced Constr Matls Group (MM) | NASDAQ:CADC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.51 | 2.25 | 5.87 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of China Advanced Construction Materials Group, Inc. (Nasdaq: CADC) by its Chairman and CEO, Xianfu Han, and Weili He, Vice Chairman and COO, to acquire the remainder of the Company they do not already own for $2.65 per share in cash.
Mr. Han and Mr. He already own approximately 49.5% of the Company’s outstanding common stock.
The investigation concerns, among other things, whether the consideration to be paid to CADC shareholders is unfair, inadequate, and substantially below the fair or inherent value of CADC. Indeed, analysts estimate the stock is worth at least $5 per share. The investigation further concerns whether Mr. Han and Mr. He as well as the board of directors of CADC may have breached their fiduciary duties by not acting in CADC shareholders' best interests in connection with the sale process of CADC.
If you own CADC common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York, New York Toll Free: 877-772-3975Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
1 Year China Advanced Constr Matls Group (MM) Chart |
1 Month China Advanced Constr Matls Group (MM) Chart |
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