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Investigation announced for Investors in Vidler Water Resources, Inc. (NASDAQ: VWTR) over potential Wrongdoing in Takeover

04-14-2022 09:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors of Vidler Water Resources, Inc. (NASDAQ: VWTR).

An investigation on behalf of investors of Vidler Water Resources, Inc. (NASDAQ: VWTR).

An investigation was announced concerning whether the takeover of Vidler Water Resources, Inc. is unfair to NASDAQ: VWTR stockholders.

Investors who purchased shares of Vidler Water Resources, Inc. (NASDAQ: VWTR) and currently hold any of those NASDAQ: VWTR 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 Vidler Water Resources, Inc. breached their fiduciary duties owed to NASDAQ: VWTR investors in connection with the proposed acquisition.

Carson City, NV based Vidler Water Resources, Inc., together with its subsidiaries, provides potable water resources to communities in the southwestern United States.
On April 14, 2022, D.R. Horton, Inc. (NYSE: DHI), and Vidler Water Resources, Inc. (Nasdaq: VWTR) ("Vidler") announced that the two companies have entered into a merger agreement pursuant to which D.R. Horton will acquire Vidler for $15.75 per share in an all-cash transaction.

However, given that at least one analyst has set the high price target at $31.00 per share and givent hat NASDAQ: VWTR shares traded in the open market prior to the takeover announcement at $16.85 per share on April 11, 2022, the investigation concerns whether the offer is unfair to NASDAQ: VWTR stockholders. More specifically, the investigation concerns whether the Vidler Water Resources, Inc. 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.

Vidler Water Resources, Inc. reported that its annual Total Revenue rose from $9.029 million in 2020 to $28.22 million in 2021, and that its Net Income increased from $10 million in 2020 to $32.91 million in 2021.

Those who are current investors in Vidler Water Resources, Inc. (NASDAQ: VWTR) shares have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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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