Fidelity & Guaranty Life (NYSE:FGL) Shareholder Alert: Investigation of Takeover

An investigation for shareholders in NYSE:FGL shares in connection with the proposed takeover was announced and NYSE:FGL stockholders should contact the Shareholders Foundation.San Diego, CA -- (SBWIRE) -- 12/14/2015 -- An investigation for shareholder in shares of Fidelity & Guaranty Life was announced over potential wrongdoing in the takeover of Fidelity & Guaranty Life by Anbang Insurance Group Co for $26.80 per share.

Des Moines, IA based Fidelity & Guaranty Life is a holding company that offers various types of fixed annuities and life insurance products

Investors who purchased shares of Fidelity & Guaranty Life (NYSE:FGL) and currently hold any of those NYSE:FGL shares have certain options and should contact the Shareholders Foundation at [email protected] or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Fidelity & Guaranty Life breached their fiduciary duties owed to NYSE:FGL investors in connection with the proposed acquisition.

On November 9, 2015, Anbang Insurance Group Co., Ltd. and Fidelity & Guaranty Life (NYSE:FGL) announced that they have entered into a merger agreement on November 8, 2015 pursuant to which Anbang Insurance Group Co., Ltd will acquire FGL for $26.80 per share.

However, given that NYSE:FGL shares traded in the open market as recently as October 23, 2015 as high as $27.87 per share, the investigation concerns whether the offer is unfair to NYSE:FGL stockholders. More specifically, the investigation concerns whether the Fidelity & Guaranty Life Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Fidelity & Guaranty Life (NYSE:FGL) closed on December 10, 2015, at $25.83 per share.

Those who are current investors in Fidelity & Guaranty Life (NYSE:FGL) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc. Michael Daniels 3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected] more information on this press release visit: http://www.sbwire.com/press-releases/fidelity-guaranty-life-nysefgl-shareholder-alert-investigation-648940.htm

Media Relations Contact