Ademi LLP is investigating United Homes (NASDAQ: UHG) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Stanley Martin Homes.
In the transaction, United Homes stockholders will receive $1.18 per share in an all-cash transaction valued at approximately $221 million in enterprise value. United Homes insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for United Homes by imposing a significant penalty if United Homes accepts a competing bid. We are investigating the conduct of the United Homes board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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