doesn't seem to pass the smell test when he takes the company private before, does an ipo and then tries to buy back the company at lower than the ipo....seems like he's out for himself and not for shareholders
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of NV Energy, Inc. MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc., and NV Energy, Inc. (NVE) announced today that they have reached a definitive acquisition agreement whereby MidAmerican will acquire NV Energy. Under the terms of the agreement, MidAmerican will purchase all outstanding shares of NV Energy's common stock for $23.75 per share in cash
The investigation concerns whether the board of directors of NVE obtained the maximum value for shareholders in selling the company. Indeed, the multiples being offered here are below those of comparable transactions recently in the industry. If you are a shareholder of NVE and would like additional information as to how you can participate with other shareholders in seeking a higher price for not cost or expense please contact us at 1-877-772-3975 or email at contact @ tripplevy
This is a joke. The founder is buying the company for himself. The company's book value alone is worth more than what they are paying! Also, the company has over $200 million in cash and no debt. This cash is going right into the buyer's pockets and not to us. This is highway robbery. Count me in this lawsuit.
Thank you for posting this. I contacted the firm and they sent me the merger agreement and you are right. There is a provision that says if another company wants to make a higher offer then they have to pay a penalty fee of $210 million. It also says how management is voting in favor of the deal and are keeping their jobs. This is so unfair. Count me in this lawsuit!
This is highway robbery! Frost owns both OPKO and Prolor. He is buying the company for himself. He is buying when the company is undervalued. He timed this for his own self interests. Count me in this lawsuit!
I agree....management is selling us out for themselves...this was an over $7 stock just a few months ago...they got themselves a sweetheart deal in making sure they get options, bonuses, new deals for themselves so what do they care what price they sell us out for....count me in this lawsuit!