MILWAUKEE, Feb. 27, 2023 /PRNewswire/ -- Ademi LLP is investigating Broadmark (NYSE: BRMK) for possible breaches of fiduciary duty and other violations of law in its transaction with Ready Capital.
Click here to learn how to join the action https://www.ademilaw.com/case/broadmark-realty-capital-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Broadmark's financial outlook and prospects are excellent and yet Broadmark shareholders are expected to receive only 0.47233 shares of Ready Capital common stock for each of share of Broadmark share. The transaction agreement unreasonably limits competing bids for Broadmark by imposing a significant penalty if Broadmark accepts a superior bid. Broadmark insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Broadmark'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 Broadmark.
If you own Broadmark common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/broadmark-realty-capital-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 LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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