MILWAUKEE, Nov. 9, 2021 /PRNewswire/ — Ademi LLP is investigating Independence (NYSE: IHC), for possible breaches of fiduciary duty and other violations of law in its going private transaction with Geneve.
Click here to learn how to join the action: https://www.ademilaw.com/case/independence-holding-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Independence’s financial outlook and prospects are excellent and yet Independence shareholders will receive only $57.00 per share in cash. The merger agreement unreasonably limits competing bids for Independence by prohibiting solicitation of further bids, and imposing a significant penalty if Independence accepts a superior bid. Independence insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Independence’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Independence.
If you own Independence common stock and wish to obtain additional information, please contact Guri Ademi either at email@example.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/independence-holding-company.
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