PHILADELPHIA, March 6, 2024 /PRNewswire/ — Kaskela Law LLC announces investigation into the recently proposed M.D.C. Holdings, Inc. (NYSE: MDC) (“MDC”) stockholder buyout.
On January 18, 2024, MDC announced that it had agreed to be acquired by Sekisui House, Ltd. (“Sekisui”) at a price of $63.00 per share in cash – a less than 20% premium to the prior day’s closing price. Following the closing of the proposed transaction, MDC’s stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
The investigation seeks to determine whether MDC shareholders are receiving sufficient consideration for their shares, and whether MDC’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to Sekisui at $63.00 per share.
MDC shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/m-d-c-holdings/ , for additional information about this investigation and their legal rights and options with respect to this transaction.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
SOURCE Kaskela Law LLC
