NEW YORK, NY / ACCESSWIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Woodward, Inc. ("Woodward" or the "Company") (NASDAQ:WWD) stock prior to January 12, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Woodward with Hexcel Corporation ("Hexcel") (NYSE: HXL). Under the terms of the merger, Hexcel shareholders will receive 0.625 shares of Woodward common stock for each share of Hexcel common stock they own, 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. Upon completion of the merger, Woodward shareholders will own approximately 55% and existing Hexcel shareholders will own approximately 45% of the combined company on a fully diluted basis. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/woodward-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Woodward merger investigation concerns whether the Board of Woodward breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger with Hexcel undervalues Woodward shares, thus unlawfully harming Woodward shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP