SAN DIEGO & THE WOODLANDS, Texas–(BUSINESS WIRE)–$GVA #ClassAction–Shareholder rights attorneys at Robbins Arroyo LLP are investigating whether certain officers and directors of Layne Christensen Company (NASDAQ: LAYN) breached their fiduciary duties to shareholders in the June 2018 acquisition of Layne Christensen by Granite Construction Incorporated (NYSE: GVA). Under the terms of the agreement, Layne Christensen shareholders received 0.270 Granite shares for each share of Layne Christensen common stock, or a value of $17.00 per Layne Christensen share. Layne Christenson is a global water management, infrastructure services, and drilling company.
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Former Layne Christensen Company (LAYN) Shareholders Who Received Granite Construction Incorporated (GVA) shares in the Merger Have Legal Options
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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