Ademi LLP is investigating Integer (NYSE: ITGR) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with KKR.
Integer shareholders will receive $127 per share in an all-cash transaction valued at approximately $5.7 billion in enterprise value. Integer insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Integer by imposing a significant penalty if Integer accepts a competing bid. We are investigating the conduct of the Integer board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action