Ademi LLP is investigating DoubleVerify (NYSE: DV) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Nielsen.
DoubleVerify shareholders will receive $13.60 per share in an all-cash transaction with an enterprise value of approximately $2.15 billion. DoubleVerify insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for DoubleVerify by imposing a significant penalty if DoubleVerify accepts a competing bid. We are investigating the conduct of the DoubleVerify board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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