MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Brookline (NASDAQ: BRKL) for possible breaches of fiduciary duty and other violations of law in its transaction with Berkshire.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, each share of Brookline common stock will be converted into 0.42 shares of Berkshire common stock, or approximately $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. As a result, Berkshire shareholders will own approximately 51%, Brookline shareholders will own approximately 45% of the combined company. Brookline insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Brookline by imposing a significant penalty if Brookline accepts a competing bid. We are investigating the conduct of Brookline's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
