The Ademi Firm is investigating Semrush (NYSE: SEMR) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Adobe.
In the transaction, Semrush shareholders will receive $12.00 per share in an all-cash transaction valued at approximately $1.9 billion. Semrush insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Semrush by imposing a significant penalty if Semrush accepts a competing bid. We are investigating the conduct of the Semrush board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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