The Ademi Firm is investigating Evoke (NASDAQ: EVOK) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction.
In the transaction, Evoke shareholders will receive $11.00 per share in cash through a tender offer. Evoke insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Evoke by imposing a significant penalty if Evoke accepts a competing bid. We are investigating the conduct of the Evoke board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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