According to the Complaint, Layne Christensen is a leading global water management and services company,
with more than 130 years of industry experience, providing responsible, sustainable, integrated solutions to address the world’s water, minerals and infrastructure challenges. The Company’s customers include government agencies, investor-owned utilities, industrial companies, global mining companies, engineering and consulting firms, oil and gas companies, power companies and agribusiness.
This action stems from a proposed transaction announced on February 14, 2018 (the “Proposed Transaction”), pursuant to which Layne Christensen Company (“Layne Christensen” or the “Company”) will be acquired by Granite Construction Incorporated (“Granite”) and its wholly owned subsidiary, Lowercase Merger Sub Incorporated (“Merger Sub” and together with Granite, “Granite Construction”).
On March 13, 2018, defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.
The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on June 27, 2018.