MILWAUKEE, Nov. 12, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Ladenburg (NYSE: LTS) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale of Ladenburg to Advisor Group.
Click here to learn how to join the action:
http://ademilaw.com/case/ladenburg-thalmann-financial-services-inc or
call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Ladenburg's financial outlook
is improving and yet shareholders will receive only $3.50 per share with the total enterprise
value of the transaction at approximately $1.3 billion, taking
into account Ladenburg's common stock, preferred stock and
outstanding debt. The merger agreement unreasonably limits
competing bids for Ladenburg by prohibiting solicitation of further
bids, and imposing a termination penalty if Ladenburg accepts a
superior bid. Ladenburg insiders will receive millions of dollars
as part of change of control arrangements. We are investigating the
conduct of Ladenburg'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 Ladenburg.
If you own common stock in Ladenburg and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or
http://ademilaw.com/case/ladenburg-thalmann-financial-services-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.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP