MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Enterprise (NASDAQ Global Select Market: EBTC) for possible breaches of fiduciary duty and other violations of law in its transaction with Independent.
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.
In the transaction, Enterprise shareholders will receive $45.06 per share (0.60 shares of Independent common stock and $2.00 in cash for each share of Enterprise common stock they hold) based on the Independent closing price of $71.77 on December 6, 2024.
Enterprise insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Enterprise by imposing a significant penalty if Enterprise accepts a competing bid. We are investigating the conduct of Enterprise’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.
