MILWAUKEE, July 6, 2022 /PRNewswire/ -- Ademi LLP is investigating Resolute (NYSE: RFP) for possible breaches of fiduciary duty and other violations of law in its transaction with the Paper Excellence Group.
Click here to learn how to join the action: https://www.ademilaw.com/case/resolute-forest-products-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Resolute's financial outlook and prospects are excellent and yet Resolute holders will receive only $20.50 per share, together with a contingent value right entitling the holder to a share of future softwood lumber duty deposit refunds. Each share, on a fully diluted basis at closing, will be entitled to receive one CVR. The transaction agreement unreasonably limits competing bids for Resolute by imposing a significant penalty if Resolute accepts a superior bid. Resolute insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Resolute'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 Resolute.
If you own Resolute common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/resolute-forest-products-inc.
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-resolute-forest-products-inc-has-obtained-a-fair-price-in-its-transaction-with-the-paper-excellence-group-301581515.html
SOURCE Ademi LLP
