Ademi LLP is investigating Amex GBT (NYSE: GBTG) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Global Net Lease.
Amex GBT stockholders will receive $9.50 per share in an all-cash transaction valued at $6.3 billion. Amex GBT insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Amex GBT by imposing a significant penalty if Amex GBT accepts a competing bid. We are investigating the conduct of the Amex GBT board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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