Ademi LLP is investigating Emerald (NYSE: EEX) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Apollo-managed funds.
Emerald stockholders will receive $5.03 per share in cash, representing an estimated closing enterprise value of approximately $1.5 billion. Emerald insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Emerald by imposing a significant penalty if Emerald accepts a competing bid. We are investigating the conduct of the Emerald board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action