Shareholder Alert: Ademi LLP investigates whether Huttig Building Products, Inc. has obtained a Fair Price in its transaction with Woodgrain
MILWAUKEE, March 22, 2022 /PRNewswire/ -- Ademi LLP is investigating Huttig (NASDAQ: HBP) for possible breaches of fiduciary duty and other violations of law in its transaction with Woodgrain.
Click here to learn how to join the action: https://www.ademilaw.com/case/huttig-building-products-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Huttig's financial outlook and prospects are excellent and yet Huttig shareholders will receive only $10.70 per share, or approximately $350 million including the assumption of debt.. The transaction agreement unreasonably limits competing bids for Huttig by prohibiting solicitation of further bids, and imposing a significant penalty if Huttig accepts a superior bid. Huttig insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Huttig'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 Huttig.
If you own Huttig 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/huttig-building-products-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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