Ademi LLP is investigating Talkspace (NASDAQ: TALK) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Universal Health Services.
In the transaction, Talkspace stockholders will receive $5.25 per share. The enterprise value for the transaction is approximately $835 million.
Talkspace insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Talkspace by imposing a significant penalty if Talkspace accepts a competing bid. We are investigating the conduct of the Talkspace board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action