Rover Group, Inc.

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Ademi LLP is investigating Rover Group, Inc. (Nasdaq: ROVR) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.

In the transaction, Rover stockholders are expected to receive only $11.00 per share in an all-cash transaction valued at approximately $2.3 billion. The transaction agreement unreasonably limits competing transactions for Rover by imposing a significant penalty if Rover accepts a competing bid. Rover insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Rover’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.                   

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.