MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Piedmont (NASDAQ: PLL) for possible breaches of fiduciary duty and other violations of law in its transaction with Sayona.
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, the stockholders of Piedmont will receive only Sayona ADSs corresponding to 527 Sayona ordinary shares for each Piedmont share of common stock held. The transaction agreement unreasonably limits competing transactions for Piedmont by imposing a significant penalty if Piedmont accepts a competing bid. Piedmont insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Piedmont’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.
