RM LAW, P.C. is investigating potential claims against the board of directors of Layne Christensen Company (“Layne Christensen” or the “Company”) (NASDAQ: LAYN) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to Granite Construction Incorporated in a transaction valued at approximately $565 million.
If you own shares of Layne Christensen and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. You may also email Mr. Maniskas at firstname.lastname@example.org.
Under the terms of the agreement, shareholders of Layne Christensen will receive 0.270 Granite shares for each share of Layne Christensen common stock.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Layne Christensen or not acting in the Company’s shareholders’ best interests in connection with the sale process.