The Ademi Firm is investigating Bridge Investment (NYSE: BRDG) for possible breaches of fiduciary duty and other violations of law in its transaction with Appollo.
In the tender offer transaction, Bridge Investment stockholders will receive only 0.07081 shares of Apollo stock for each share of Bridge Class A common stock. Bridge Investment insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Bridge Investment by imposing a significant penalty if Bridge Investment accepts a competing bid. We are investigating the conduct of Bridge Investment’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.