MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Universal (Nasdaq: USAP) for possible breaches of fiduciary duty and other violations of law in its transaction with Aperam.
Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Universal shareholders will receive only $45.00 per share in cash. The transaction agreement unreasonably limits competing transactions for Universal by imposing a significant penalty if Universal accepts a competing bid. Universal insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Universal’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Universal common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or here.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
