Shareholder Alert: Ademi LLP investigates whether Enstar Group Limited has obtained a Fair Price for its Public Shareholders
MILWAUKEE, July 29, 2024 /PRNewswire/ -- Ademi LLP is investigating Enstar (Nasdaq: ESGR) for possible breaches of fiduciary duty and other violations of law in its transaction with Sixth Street.
Enstar stockholders will receive only $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. The transaction agreement unreasonably limits competing transactions for Enstar by imposing a significant penalty if Enstar accepts a competing bid. Enstar insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Enstar's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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.
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