The Ademi Firm is investigating Guaranty (NYSE: GNTY) for possible breaches of fiduciary duty and other violations of law in its transaction with Glacier Bancorp.
In the tender offer transaction, shareholders of Guaranty will receive 1.0000 share of Glacier stock for each Guaranty share (subject to adjustment under certain circumstances). Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million (inclusive of the value to Guaranty stock options) and value of $41.58 per Guaranty share.
Guaranty insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Guaranty by imposing a significant penalty if Guaranty accepts a competing bid. We are investigating the conduct of the Guaranty board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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