BALA CYNWYD, PA / ACCESSWIRE / November 11, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of William Lyon Homes ("WLH" or the "Company") (WLH) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Taylor Morrison Home Corporation ("THMC") (TMHC). Under the terms of the agreement, WLH shareholders will receive only $2.50 and 0.800 shares of THMC stock (for an implied valuation of $21.45 per share) for each share of WLH common stock owned.
The investigation concerns whether the WLH Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether TMHC is underpaying for the Company. The transaction may undervalue the Company and result in a loss for WLH shareholders. For example, the consideration is below the Company's 52-week high and represents virtually no premium over what the Company was trading at less than a month ago. Moreover, because the deal consideration is approximately 90% TMHC stock, the price will fluctuate with TMHC's share price which, for example, is down over 9% on the announcement.
If you own shares of WLH stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/william-lyon-homes-nyse-wlh/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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