Veoneer, Inc.

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Ademi LLP is investigating Veoneer (NYSE: VNE) for possible breaches of fiduciary duty and other violations of law in its transaction with Magna.

Ademi LLP alleges Veoneer’s financial outlook is excellent and yet Veoneer shareholders will receive only $31.25 per share. The merger agreement unreasonably limits competing bids for Veoneer by prohibiting solicitation of further bids, and imposing a termination penalty if Veoneer accepts a superior bid. Veoneer insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Veoneer’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Veoneer.