Ademi LLP is investigating whether the proposed acquisition of Instacart (NASDAQ: CART) by DoorDash, provides fair value to Instacart’s public shareholders and whether Instacart’s Board adequately protected shareholder interests in negotiating and approving the transaction.
What Is Ademi LLP Investigating?
- The purchase price and whether it adequately reflects Instacart’s value and future prospects;
- Substantial change-of-control benefits available to Instacart insiders in connection with the transaction;
- Restrictions on competing transactions, including a significant termination penalty that may discourage another potential buyer from making a superior proposal; and
- The conduct of Instacart’s Board of Directors in negotiating and approving the transaction and whether the Board fulfilled its duties to public shareholders.