Investigation of CareFusion Corporation
Smithtown, New York – October 6, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of CareFusion Corporation (NYSE: CFN) (“CareFusion”) for possible breaches of fiduciary duties and other violations of law in connection with CareFusion’s entry into an agreement to be acquired by Becton, Dickinson and Company (NYSE: BDX) (“BD”) in a transaction valued at approximately $12.2 billion.
Under the terms of the agreement, public shareholders of CareFusion would receive $49.00 in cash and 0.0777 of a share of BD for each share of CareFusion they own. Based on BD’s closing stock price on October 3, 2014, CareFusion shareholders would have received consideration valued at approximately $58.00 per share.
The investigation concerns whether CareFusion’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to CareFusion’s stockholders would be fair and adequate, and whether CareFusion is acting in its stockholders’ best interests.