BALA CYNWYD, PA / ACCESSWIRE / January 13, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hexcel Corporation ("Hexcel" or "the Company") (HXL) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Woodward, Inc. ("Woodward"). Under the terms of the agreement, Hexcel shareholders will receive only 0.625 shares of Woodward stock for each share of Hexcel they own.
The investigation concerns whether the Hexcel Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Woodward is underpaying for the Company. For example, the consideration offered is well below the 52-week high for Hexcel of $87.00 and at least one analyst has a price target of $94.00 for the Company.
If you own shares of Hexcel stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/hexcel-corporation-nyse-hxl/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
View source version on accesswire.com: