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Levi & Korsinsky, LLP is investigating the Board of Directors of C. R. Bard, Inc. (NYSE: BCR) in connection with the sale of the Company to Beckton, Dickinson and Company (“BD”) (NYSE: BDX). Under the terms of transaction, C. R. Bard shareholders will receive $222.93 in cash and 0.5077 of a BD share for each share of C. R. Bard stock they own, representing an approximate value of $317 per share.
The investigation concerns whether the Board of C. R. Bard breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BD is underpaying for C. R. Bard shares, thus unlawfully harming C. R. Bard shareholders.
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