Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating United Homes Group, Inc. for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale that offers shareholders $1.18 per share, significantly lower than the recent trading price of $2.38, representing over a 50% discount [1][2][3]. Group 1: Investigation Details - The investigation focuses on whether the proposed sale price of $1.18 per share is unfairly low compared to the stock's previous closing price [2][3]. - The deal would result in all stockholders being cashed out, raising concerns about the board's fiduciary responsibilities to ensure fair value for shareholders [1][3]. Group 2: Shareholder Actions - Current shareholders of United Homes Group are encouraged to seek additional information and may have legal options available to them [2][4]. - The law firm operates on a contingency fee basis, meaning shareholders will not incur costs unless the case is successful [4].
UHG Investor Alert: United Homes Group, Inc. Announces $1.18 per share Take Private Deal – BFA Law is Investigating whether the Board Breached their Fiduciary Duties to Shareholders