Ademi LLP is investigating DSG (NASDAQ: DSGR) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with LKCM Headwater.
DSG shareholders will receive $35.00 per share in cash. DSG insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for DSG by imposing a significant penalty if DSG accepts a competing bid. We are investigating the conduct of the DSG board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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