Deals
China Advanced Construction Sued by Investors Over Stock Bid
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China Advanced Construction Materials Group Inc., a provider of concrete for large-scale projects, was sued by investors who say they will be shortchanged in a planned $2.65-a-share buyout by company insiders.
The company is poised for growth and directors are duty-bound to get the best possible price for shareholders, trustees for the Morris B. and Mary N. Kinder Living Trust contend in a Delaware Chancery Court lawsuit filed July 29 in Wilmington.