Shareholder Alert: Ademi LLP investigates whether Everi Holdings Inc. has obtained a Fair Price for its Public Shareholders
Everi Everi (US:EVRI) Prnewswire·2024-07-26 15:11

Core Viewpoint - Ademi LLP is investigating Everi for potential breaches of fiduciary duty and other legal violations related to its transaction with Apollo, raising concerns about the fairness of the deal for shareholders [1][2]. Group 1: Transaction Details - Everi stockholders are set to receive $14.25 per share in cash as part of the transaction [2]. - The transaction agreement imposes significant penalties on Everi if it accepts competing bids, which may limit shareholder options [2]. Group 2: Board Conduct - The investigation focuses on the conduct of Everi's board of directors and whether they are fulfilling their fiduciary duties to all shareholders [2]. - Insiders at Everi are expected to receive substantial benefits from change of control arrangements, raising further questions about the board's actions [2].