TRR TRC Companies, Inc.

SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of TRC Companies, Inc. and Encourages Investors to Contact the Firm for Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TRC Companies, Inc. (NYSE: TRR) (“TRC” or the “Company”) relating to the proposed buyout of TRC by affiliates of New Mountain Partners IV, L.P.

Under the terms of the agreement, TRC shareholders are anticipated to receive $17.55 in cash for each share of TRC common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of TRC and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

EN
13/04/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TRC Companies, Inc.

Moody's announces completion of a periodic review of ratings of TRC Co...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TRC Companies, Inc.. Global Credit Research- 26 Feb 2021. New York, February 26, 2021-- Moody's Investors Service has completed a periodic review of the ratings of TRC Companies, Inc. and other ratings that are associated with the same analytical unit.

TRC Companies, Inc.: Update following change in outlook to stable

Our credit view of TRC Companies, reflecting its good liquidity, against its modest scale in a highly fragmented industry.

Moody's affirms TRC's B2 CFR and other ratings; revises outlook to sta...

Rating Action: Moody's affirms TRC's B2 CFR and other ratings; revises outlook to stable from negative. Global Credit Research- 12 Feb 2021. New York, February 12, 2021-- Moody's Investors Service, affirmed TRC Companies, Inc.' s B2 corporate family rating, B2-PD probability of default rating and the B2 ratings on the company's senior secured first lien credit facilities.

TRC Companies, Inc.: Update following change in outlook to negative

A detailed rationale for TRC Companies’ B2 CFR and negative outlook highlighting the company’s small scale, exposure to the cyclically weak oil & gas industry and event risks.

Moody's announces completion of a periodic review of ratings of TRC Co...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TRC Companies, Inc.. Global Credit Research- 20 May 2020. New York, May 20, 2020-- Moody's Investors Service has completed a periodic review of the ratings of TRC Companies, Inc. and other ratings that are associated with the same analytical unit.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch