Ademi LLP is investigating Tri Pointe Homes (NYSE: TPH) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Sumitomo Forestry.
In the transaction, Tri Pointe Homes stockholders will receive $47.00 per share in an all-cash transaction valued at approximately $4.5 billion. Tri Pointe Homes insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Tri Pointe Homes by imposing a significant penalty if Tri Pointe Homes accepts a competing bid. We are investigating the conduct of the Tri Pointe Homes board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action