NEW YORK, April 13, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of UCP, Inc. ("UCP" or the "Company") (NYSE: UCP) in connection with proposed the merger of the Company with Century Communities, Inc. ("CCS"). Under the terms of the agreement, UCP shareholders will receive $5.32 in cash and 0.2309 of a share of the newly combined company for each share they own; representing consideration of $11.35, based on CCS's April 10 closing price.
WeissLaw is investigating whether UCP's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at the close of the transaction UCP shareholders will own a mere 16.4% of the combined company.
Given these facts, WeissLaw is investigating the Board of Directors' decision to sell UCP and whether UCP shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own UCP shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/ucp-inc/
SOURCE WeissLaw LLP