Shareholder Alert: Ademi LLP investigates whether Poly has obtained a Fair Price in its transaction with HP

MILWAUKEE, March 28, 2022 /PRNewswire/ -- Ademi LLP is investigating Poly (NYSE: POLY) for possible breaches of fiduciary duty and other violations of law in its transaction with HP. 

Click here to learn how to join the action: https://www.ademilaw.com/case/poly or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Poly's financial outlook and prospects are excellent and yet Poly shareholders will receive only $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly's net debt. The transaction agreement unreasonably limits competing bids for Poly by prohibiting solicitation of further bids, and imposing a significant penalty if Poly accepts a superior bid. Poly insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Poly'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 Poly.

If you own Poly 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/poly.                       

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.

Ademi LLP  
Guri Ademi 
Toll Free: (866) 264-3995
Fax: (414) 482-800

SOURCE Ademi LLP