Blue Apron Holdings, Inc.

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Ademi LLP is investigating Blue Apron (Nasdaq: APRN) for possible breaches of fiduciary duty and other violations of law in its transaction with Wonder Group.

In the transaction, Blue Apron stockholders are expected to receive only $13 per share. The transaction agreement unreasonably limits competing transactions for Blue Apron by imposing a significant penalty if Blue Apron accepts a competing bid. Blue Apron insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Blue Apron’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.