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Investigation announced for Investors in Hexcel Corporation (NYSE: HXL) over Takeover

02-06-2020 04:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors of Hexcel Corporation (NYSE: HXL) in connection with the proposed takeover was announced.

An investigation on behalf of investors of Hexcel Corporation (NYSE: HXL) in connection with the proposed takeover was announced.

An investigation was announced concerning whether the takeover of Hexcel Corporation is unfair to NYSE: HXL stockholders.

Investors who purchased shares of Hexcel Corporation (NYSE: HXL) and currently hold any of those Hexcel Corporation (NYSE: HXL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Hexcel Corporation breached their fiduciary duties owed to NYSE: HXL investors in connection with the proposed acquisition.

Stamford, CT based Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. On January 12, 2020, Woodward, Inc. (NASDAQ: WWD) and Hexcel Corporation (NYSE: HXL) announced an agreement to combine in an all-stock merger of equals to create a premier integrated systems provider serving the aerospace and industrial sectors. Under the terms of the agreement approved by the Boards of Directors of both companies, Hexcel shareholders will receive a fixed exchange ratio of 0.625 shares of Woodward common stock for each share of Hexcel common stock, and Woodward shareholders will continue to own the same number of shares of common stock in the combined company as they do immediately prior to the closing. Based on a closing price of $121.96 per NASDAQ: WWD shares on January 10, 2020, investors in Hexcel Corporation will receive a value of approximately $76.23 per share.

However, given that at least one analyst has set the high target price at $91.00 per NYSE: HXL share and given that NYSE: HXL shares traded as recently as September 2019 as high as $87.00 per share, the investigation concerns whether the offer is unfair to NYSE: HXL stockholders. More specifically, the investigation concerns whether the Hexcel Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Hexcel Corporation reported that its annual Total Revenue rose from over $1.97 billion in 2017 to over $2.18 billion in 2018.

On February 5, 2020, NYSE: HXL shares closed at $74.59 per share.

Those who are current investors in Hexcel Corporation (NYSE: HXL) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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