The Ademi Firm is investigating Vimeo (NASDAQ: VMEO) for possible breaches of fiduciary duty and other violations of law in its transaction with Bending Spoons.
Shareholders of Vimeo will receive $7.85 per share in an all-cash transaction valued at approximately $1.38 billion. Vimeo insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Vimeo by imposing a significant penalty if Vimeo accepts a competing bid. We are investigating the conduct of the Vimeo board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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