Core Viewpoint - Ademi LLP is investigating European Wax Center, Inc. for potential breaches of fiduciary duty and other legal violations related to its transaction with Searchlight Capital Partners and Abry Partners, focusing on whether shareholders are receiving a fair price for their shares [1] Transaction Details - European Wax Center shareholders will receive $5.80 per share in cash for each share of Class A common stock, with an implied equity value of approximately $330 million [1] - The transaction is structured as an all-cash deal [1] Board Conduct - The investigation centers on the European Wax Center board of directors' conduct and whether they are fulfilling their fiduciary duties to all shareholders [1] - The transaction agreement includes provisions that significantly limit competing offers, imposing a substantial penalty if European Wax Center accepts a competing bid [1]
Shareholder Alert: The Ademi Firm investigates whether European Wax Center, Inc. is obtaining a Fair Price for its Public Shareholders