The Ademi Firm is investigating Heidrick (NASDAQ: HSII) for possible breaches of fiduciary duty and other violations of law in its transaction with Advent and Corvex.
Shareholders of Heidrick will receive $59.00 per share in an all-cash transaction valued at approximately $1.3 billion. Heidrick insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Heidrick by imposing a significant penalty if Heidrick accepts a competing bid. We are investigating the conduct of the Heidrick board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action