Ademi LLP is investigating Sila (NYSE: BLD) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Blue Owl Capital.
Sila stockholders will receive $30.38 per share in an all-cash acquisition valued at approximately $2.4 billion. Sila insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Sila by imposing a significant penalty if Sila accepts a competing bid. We are investigating the conduct of the Sila board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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