Ademi LLP is investigating whether the proposed acquisition of Lumentum (NASDAQ: LITE) by Marvell, provides fair value to Lumentum’s public shareholders and whether Lumentum’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 Lumentum’s value and future prospects;
- Substantial change-of-control benefits available to Lumentum 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 Lumentum’s Board of Directors in negotiating and approving the transaction and whether the Board fulfilled its duties to public shareholders.
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