Kendall Law Group Investigating Potential Breaches of Fiduciary Duty By Con-way Inc. Officials on Behalf of Shareholders

DALLAS--()--Kendall Law Group, led by former federal judge Joe Kendall, is investigating certain officers and directors of Con-way Inc. (NYSE: CNW) on behalf of shareholders to determine whether the officials breached their fiduciary duties to shareholders in the proposed sale to XPO Logistics, Inc. According to the agreement, Con-way shareholders will receive $47.60 per share in cash, for a total transaction value of approximately $3 billion. The offer price is significantly lower than at least one Wall Street analyst’s target price of $59, and significantly below the 52 week high of $53.54.

The national securities firm’s investigation seeks to determine whether Con-way and its Board breached their fiduciary duties by engaging in self-dealing, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for the shareholders. If you currently own shares of Con-way and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at jmckey@kendalllawgroup.com to learn more about your legal rights as a shareholder.

There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors, and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Contacts

Kendall Law Group LLP
Jamie McKey, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
jmckey@kendalllawgroup.com
www.kendalllawgroup.com

Kendall Law Group