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
stockinfo@weisslawllp.com.
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 stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/ucp-inc/
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SOURCE WeissLaw LLP