MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Profire (Nasdaq: PFIE) for possible breaches of fiduciary duty and other violations of law in its transaction with CECO.
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, stockholders of Profire will receive $2.55 per share, in a tender offer transaction with an equity value of approximately $125 million. The transaction agreement unreasonably limits competing transactions for Profire by imposing a significant penalty if Profire accepts a competing bid. Profire insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Profires’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Profire 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.
