Shareholder Alert: Ademi LLP investigates whether Vector Group Ltd. has obtained a Fair Price for its Public Shareholders
Shareholder Alert: Ademi LLP investigates whether Vector Group Ltd. has obtained a Fair Price for its Public Shareholders
PR Newswire
MILWAUKEE, Aug. 21, 2024
MILWAUKEE, Aug. 21, 2024 /PRNewswire/ -- Ademi LLP is investigating Vector Group (NYSE: VGR) for possible breaches of fiduciary duty and other violations of law in its transaction with JT Group.
Click here to learn how to join our investigation https://www.ademilaw.com/case/vector-group-ltd or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Vector Group stockholders will receive only $15.00 per share in cash, representing a total enterprise value of $924 million, or approximately $2.4 billion of total equity value (in addition to redemption or repayment of debt), through a tender offer and second-step merger. The transaction agreement unreasonably limits competing transactions for Vector Group by imposing a significant penalty if Vector Group accepts a competing bid. Vector Group insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Vector Group's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Vector Group common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/vector-group-ltd.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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