MILWAUKEE, April 2, 2024 /PRNewswire/ — Ademi LLP is investigating Endeavor (NYSE: EDR) for possible breaches of fiduciary duty and other violations of law in its transaction with Silver Lake.
Click here to learn how to join the https://www.ademilaw.com/case/endeavor-group-holdings-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Endeavor shareholders will receive only $27.50 per share in cash in exchange for each Endeavor share while certain members of management of Endeavor, including Emanuel, Whitesell, and Shapiro, and other stockholders will be given the opportunity to rollover their equity interests into the post-closing company. In addition to this disparate treatment of insiders and public stockholders, the transaction agreement unreasonably limits competing transactions for Endeavor by imposing a significant penalty if Endeavor accepts a competing bid. Endeavor insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Endeavor’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Endeavor common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/endeavor-group-holdings-inc.
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.
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SOURCE Ademi LLP