Shareholder Alert: Robbins LLP is Investigating the Acquisition of Layne Christensen Company (LAYN) on behalf of Shareholders
September 10, 2019 (San Diego, CA & The Woodlands, TX) – Shareholder rights attorneys at Robbins LLP are investigating whether certain officers and directors of Layne Christensen Company (NASDAQ: LAYN) breached their fiduciary duties to shareholders in the June 2018 acquisition of Layne Christensen by Granite Construction Incorporated (NYSE: GVA). Under the terms of the agreement, Layne Christensen shareholders received 0.270 Granite shares for each share of Layne Christensen common stock, or a value of $17.00 per Layne Christensen share. Layne Christenson is a global water management, infrastructure services, and drilling company.
