MILWAUKEE, Nov. 16, 2020 /PRNewswire/ -- Ademi LLP is investigating HD Supply (Nasdaq: HDS) for possible breaches of fiduciary duty and other violations of the law in its transaction with Home Depot.
Click here to learn how to join the action: http://ademilaw.com/case/hd-supply-holdings-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges HD Supply's financial outlook is improving and yet shareholders will receive only $56 per share. The merger agreement unreasonably limits competing bids for HD Supply by prohibiting solicitation of further bids, and imposing a termination penalty if HD Supply accepts a superior bid. HD Supply insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of HD Supply's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for HD Supply.
If you own common stock in HD Supply and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/hd-supply-holdings-inc.
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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SOURCE Ademi LLP