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CNR.US
id: 775
Cornerstone Building Brands (CNR) M&A Case
D. Delaware
Court1:23-cv-00701-UNA
Case number06/24/2022
Class period Start07/25/2022
Class period End08/27/2023
Lead Plaintiff motion deadlineOn July 25, 2022, Clayton, Dubilier & Rice completed the acquisition of Cornerstone Building Brands.
- Prior to the Merger, Clayton, Dublier & Rice, LLC controlled Cornerstone and its board of directors through ownership of 49% of the Company’s outstanding common stock.
- Pursuant to an Agreement and Plan of Merger, dated March 5, 2022, CD&R acquired the Cornerstone stock it did not already own for $24.65 per share in cash. The Merger had an enterprise value of approximately $5.8 billion.
Investors may have reasons to suspect that a proxy statement issued in connection with the transaction could be false and misleading.
Case Status
Motion to dismiss
Alleged Offence
Misleading Statements,
Failure to Disclose,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07/25/2022
Filing date
06/27/2023
Lead Plaintiff Deadline
08/27/2023