Vidler Water Resources, Inc.

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Ademi LLP is investigating Vidler (NASDAQ:VWTR) for possible breaches of fiduciary duty and other violations of law in its transaction with D.R. Horton.

Ademi LLP alleges Vidler’s financial outlook and prospects are excellent and yet Vidler shareholders will receive only $15.75 per share. The transaction agreement unreasonably limits competing bids for Vidler by prohibiting solicitation of further bids, and imposing a significant penalty if Vidler accepts a superior bid. Vidler insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Vidler’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 Vidler.