Ademi & O’Reilly, LLP is investigating the Board of THE KeyW HOLDING CORPORATION (Nasdaq:KEYW) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of KeyW to Jacobs Engineering.
Ademi & O’Reilly, LLP alleges KeyW financial outlook is improving and yet KeyW shareholders will receive only $11.25 for each share of KeyW common stock. Jacobs Engineering is purchasing KeyW at a substantial discount. The merger agreement unreasonably limits competing bids for KeyW by prohibiting solicitation of further bids, and imposing a termination penalty if KeyW accepts a superior bid. KeyW insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of KeyW’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 KeyW.