GIFI Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Gulf Island Fabrication, Inc. is Fair to Shareholders

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Gulf Island Fabrication, Inc. to IES Holdings, Inc. at a price of $12.00 per share for Gulf Island shareholders [1][2]. Group 1: Investigation Details - The investigation focuses on whether Gulf Island and its board violated federal securities laws and fiduciary duties by not obtaining the best possible consideration for shareholders [2]. - Concerns include whether IES is underpaying for Gulf Island and if all material information necessary for shareholders to assess the merger was disclosed [2]. Group 2: Potential Actions - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [3]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [3].