MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating ROIC (NASDAQ: ROIC) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
Under the agreement, stockholders of ROIC will receive only $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The transaction agreement unreasonably limits competing transactions for ROIC by imposing a significant penalty if ROIC accepts a competing bid. ROIC insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of ROIC’s 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 throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
