NEW YORK, Dec. 14, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of NEOGEN Corporation ("NEOGEN" or the "Company") (NASDAQ: NEOG), in connection with the proposed merger of the Company with 3M Company ("3M") (NYSE: MMM). Under the terms of the agreement, 3M's Food Safety business will be spun-off to 3M shareholders and simultaneously merged with a wholly owned subsidiary of NEOGEN. At the completion of the transaction, NEOGEN will issue a number of shares to 3M shareholders such that 3M shareholders will receive approximately 50.1% of the combined company and existing NEOGEN shareholders will own approximately 49.9% of the combined company. The transaction is valued at approximately $9.3 billion.
If you own NEOGEN shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7th Floor
New York, NY 10007
WeissLaw LLP is investigating whether (i) NEOGEN's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP