The Ademi Firm is investigating Olo (NYSE: OLO) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.
In the transaction, shareholders of Olo will receive $10.25 per share, valuing Olo at approximately $2.0 billion in equity value. Olo insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Olo by imposing a significant penalty if Olo accepts a competing bid. We are investigating the conduct of the Olo board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action