MILWAUKEE–(BUSINESS WIRE)–The Ademi Firm is investigating SoHo House (NYSE: SHCO) for possible breaches of fiduciary duty and other violations of law in its going-private transaction.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Shareholders of SoHo House will receive $9.00 per share in cash implying a total enterprise value of approximately $2.7 billion. Executive Chairman Ron Burkle and Yucaipa Companies will roll their controlling equity interests and retain majority control of the business.
SoHo House insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for SoHo House by imposing a significant penalty if SoHo House accepts a competing bid. We are investigating the conduct of the SoHo House board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
