Ademi LLP is investigating whether the proposed acquisition of BRZE (Nasdaq: BRZE) by Salesforce, provides fair value to Braze’s public shareholders and whether Braze’s Board adequately protected shareholder interests in negotiating and approving the transaction.
What Is Ademi LLP Investigating?
- The exchange ratio and whether it adequately reflects Braze’s value and future prospects;
- Substantial change-of-control benefits available to Braze insiders in connection with the transaction;
- Restrictions on competing transactions, including a significant termination penalty that may discourage another potential buyer from making a superior proposal; and
- The conduct of Braze’s Board of Directors in negotiating and approving the transaction and whether the Board fulfilled its duties to public shareholders.
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