MILWAUKEE, Feb. 14, 2022, Ademi LLP is investigating Resonant (NASDAQ: RESN) for possible breaches of fiduciary duty and other violations of law in its transaction with Murata.
Ademi LLP alleges Resonant’s financial outlook and prospects are excellent and yet Resonant shareholders will receive only $4.50 per share in cash. The merger agreement unreasonably limits competing bids for Resonant by prohibiting solicitation of further bids, and imposing a significant penalty if Resonant accepts a superior bid. Resonant insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Resonant’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 Resonant.
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.
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