Marriott Vacations Worldwide Corporation (VAC) Investor Notice: Update in Lawsuit for Investors who held shares of ILG, Inc. (ILG) announced by Shareholders Foundation
SAN DIEGO, CA / ACCESSWIRE / June 18, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held ILG, Inc. (ILG) shares.
Investors, who held shares of ILG, Inc. (ILG) and received Marriott Vacations Worldwide Corporation (VAC) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On April 30, 2018, Marriott Vacations Worldwide Corporation (VAC) and ILG (ILG) announced that they have entered into an agreement under which Marriott Vacations Worldwide Corporation was to acquire all of the outstanding shares of ILG, Inc. (ILG) in a cash and stock transaction with an implied equity value of approximately $4.7 billion. Under the terms of the agreement, ILG, Inc. (ILG) shareholders were to receive $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide Corporation (VAC) common stock for each ILG, Inc. (ILG) share, or a value of approximately $36.93 per NASDAQ: ILG.
In July 2018, a lawsuit was filed in connection with the takeover of ILG, Inc. by Marriott Vacations Worldwide Corporation. The plaintiff alleged that the Registration Statement filed with the SEC in connection with the takeover omitted material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading. In August 2018, the case was dismissed
Those who held shares of ILG, Inc. (ILG) and received Marriott Vacations Worldwide Corporation (VAC) shares as a result of the takeover might have still certain options and should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: The Shareholders Foundation, Inc.
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