11:45 ET Shareholder Alert: The Ademi Firm investigates whether Heidrick & Struggles International Inc. is obtaining a Fair Price for its Public Shareholders
The Ademi Firm is investigating Heidrick & Struggles International Inc. (NASDAQ: HSII) for potential breaches of fiduciary duty related to its $1.3 billion all-cash transaction with Advent and Corvex. Concerns include whether the deal provides a fair price of $59.00 per share for public shareholders and if the board's actions limit competing offers unreasonably. The investigation aims to determine if the board is fulfilling its fiduciary responsibilities to all shareholders.
, /PRNewswire/ -- The Ademi Firm is investigating Heidrick (NASDAQ: HSII) for possible breaches of fiduciary duty and other violations of law in its transaction with Advent and Corvex.
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 Heidrick will receive $59.00 per share in an all-cash transaction valued at approximately $1.3 billion. Heidrick insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Heidrick by imposing a significant penalty if Heidrick accepts a competing bid. We are investigating the conduct of the Heidrick 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
SOURCE Ademi LLP
