Ademi LLP is investigating IHS Holding (NYSE: IHS) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with MTN Group Limited.
In the transaction, IHS Holding stockholders will receive $8.50 per share in an all-cash transaction valued at approximately $6.2 billion in enterprise value. IHS Holding insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for IHS Holding by imposing a significant penalty if IHS Holding accepts a competing bid. We are investigating the conduct of the IHS Holding board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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