The Ademi Firm is investigating Big 5 (Nasdaq: BGFV) for possible breaches of fiduciary duty and other violations of law in its transaction with Worldwide Golf and Capitol Hill Group.
In the transaction, shareholders of Big 5 will receive $1.45 per share, with total enterprise value of approximately $112.7 million. Big 5 insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Big 5 by imposing a significant penalty if Big 5 accepts a competing bid. We are investigating the conduct of the Big 5 board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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