Ademi LLP is investigating Taylor Morrison (NYSE: TMHC) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Berkshire Hathaway.
Taylor Morrison will receive $72.50 per common share, representing a total equity value for Taylor Morrison of approximately $6.8 billion and total enterprise value of approximately $8.5 billion. Taylor Morrison insiders will receive substantial benefits as part of change of control arrangements
The transaction agreement unreasonably limits competing transactions for Taylor Morrison by imposing a significant penalty if Taylor Morrison accepts a competing bid. We are investigating the conduct of the Taylor Morrison board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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