Raven Industries, Inc.

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Ademi LLP is investigating Raven Industries (NASDAQ: RAVN) for possible breaches of fiduciary duty and other violations of law in its transaction with CNH.

Ademi LLP alleges Raven Industries’ financial outlook is excellent and yet Raven Industries shareholders will receive only $58 per share. The merger agreement unreasonably limits competing bids for Raven Industries by prohibiting solicitation of further bids, and imposing a termination penalty if Raven Industries accepts a superior bid. Raven Industries insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Raven Industries’ board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Raven Industries.