MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Despegar (NYSE: DESP) for possible breaches of fiduciary duty and other violations of law in its transaction with Prosus.
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, Despegar stockholders will receive $19.50 per share, representing an enterprise value of approximately $1.7 billion for Despegar. Despegar insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Despegar by imposing a significant penalty if Despegar accepts a competing bid. We are investigating the conduct of Despegar’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.
