The Ademi Firm is investigating EA (Nasdaq: EA) for possible breaches of fiduciary duty and other violations of law in its transaction with a consortium comprising PIF, Silver Lake, and Affinity Partners.
Shareholders of EA will receive $210 per share in an all-cash transaction valued at approximately $55 billion.
EA insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for EA by imposing a significant penalty if EA accepts a competing bid. We are investigating the conduct of the EA board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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