WeissLaw LLP is investigating FTS International, Inc.
NEW YORK, 22 October 2021 / PRNewswire / – WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FTS International, Inc. (“FTS International” or the “Company”) ( NYSE American: FTSI) in connection with the proposed acquisition of the Company by ProFrac Holdings, LLC (“ProFrac”). Under the terms of the Merger Agreement, the shareholders of the Company will receive $ 26.52 per share in cash for each common share of FTS International they hold. The transaction is valued at approximately $ 407.5 million.
If you have FTS International shares and would like to discuss this survey or if you have any questions regarding this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7e Ground
new York, NY 10007
WeissLaw LLP is considering whether (i) the board of directors of FTS International has acted in the best interests of the shareholders of the Company in accepting the proposed transaction, (ii) the $ 26.52 the merger consideration per share adequately remunerates the shareholders of FTS International, and (iii) all information regarding the sale process and the valuation of the transaction will be fully and fairly disclosed. In particular, the merger consideration is lower than the $ 32.00 median price targets set by analysts according to the Company, which is $ 5.48 above the merger price per share.
WeissLaw LLP has litigated hundreds of class and derivative shareholder actions for breach of corporate and fiduciary obligations. We have recovered over $ 1 billion for defrauded clients and obtained significant corporate governance relief in many of these cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer (including misleading advertising, defective products, or other deceptive marketing practices), or violations of antitrust laws, please email us at [email protected]
SOURCE WeissLaw LLP