WeissLaw LLP: VCA, Inc. Acquisition May Not Be in the Best Interests of WOOF Shareholders

NEW YORK, Jan. 18, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of VCA, Inc. (NASDAQ: WOOF) ("WOOF" or the "Company") in connection with the proposed acquisition of the Company by Mars Incorporated ("Mars").  On January 9, 2017, Mars announced a definitive agreement to acquire all outstanding shares of WOOF in a transaction valued at approximately $9.1 billion.  Under the terms of the agreement, the Company's shareholders will receive $93.00 in cash for each WOOF share they own.

WeissLaw is investigating whether WOOF's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, Mars, a leader in the food industry, through the acquisition of WOOF will gain a dominant position in the rapidly growing pet care industry.  Further, WOOF recently announced positive financial results for the third quarter of 2016.  It reported revenue increased 19.1% to $656.9 million, representing the Company's eighth consecutive quarter of double digit growth in revenue. 

Given these facts, WeissLaw is investigating whether WOOF's Board acted in the best interests of WOOF's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own WOOF 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 [phone] or by email at [e-mail].

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 [e-mail] or fill out the form on our website, http://weisslawllp.com/vca-inc/

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/weisslaw-llp-vca-inc-acquisition-may-not-be-in-the-best-interests-of-woof-shareholders-300393166.html

SOURCE WeissLaw LLP

Copyright 2017 PR Newswire