$RSVR Investigation Alert: Current Reservoir Media Shareholders have Rights in Proposed Take Private Transaction – Contact BFA Law

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Reservoir Media, Inc. and its significant shareholders for potential breaches of fiduciary duties related to a proposed take-private sale at $10.50 per share, which may be considered unfair to minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on the board of directors of Reservoir Media, along with major shareholders Wesbild, Inc. and ER Reservoir LLC, regarding their fiduciary responsibilities to minority shareholders [1][5]. - On March 4, 2026, ER Reservoir LLC and Wesbild Inc. submitted a preliminary non-binding proposal to acquire all outstanding shares of Reservoir Media at a price of $10.50 per share [3][5]. - ER Reservoir LLC and Wesbild Inc. collectively own 65% of Reservoir Media's stock, which allows them to control the outcome of shareholder votes requiring majority approval [4]. Group 2: Shareholder Implications - The proposed acquisition price of $10.50 per share is under scrutiny to determine if it is unfairly low, potentially breaching fiduciary duties owed to minority shareholders [5]. - Current shareholders of Reservoir Media are encouraged to seek additional information and may have legal options available to them [2][6].