SHCO Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Soho House & Co. Inc. to MCR Hotels

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Soho House & Co. Inc. for $9.00 per share in cash to an investor group led by MCR Hotels and its Chairman and CEO Tyler Morse [1][4]. Group 1: Sale Details - The sale price is set at $9.00 per share in cash [4]. - Soho Chairman Ron Burkle and his investment firm, Yucaipa, will roll over their controlling equity interests and retain majority control of the business [2][5]. - Other significant shareholders, including Richard Caring, Nick Jones, and Goldman Sachs, will also roll over the majority of their shares, while public stockholders will not have this opportunity [2][5]. Group 2: Board and Committee Actions - The sale was approved based on the recommendation of a purportedly independent Special Committee of the Board, indicating potential conflicts of interest among certain Board members [3][6]. - The investigation aims to determine if the Special Committee acted in the best interests of Soho shareholders, including the fairness of the sale price and the independence of its members [7].