Additionally, from the narrative in the Proxy it appears that, notwithstanding the formation of the Transaction Committee, the full Board and its financial advisors primarily led the negotiations with EQT and other bidders. The Proxy also discloses that the Board formed a Transaction Committee to, among other things, negotiate a sale of Radius, but does not identify all of its members, which prevents analysis of their independence and disinterestedness. “This includes authorization granted to company management in early August 2022 to speak with representatives of EQT and another bidder concerning post-transaction employment and equity rollovers before the material terms of a transaction had been agreed upon.” “In our view, the Proxy raises a number of concerns regarding the fairness of the process followed by the Board to negotiate the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. On April 6, 2023, Radius filed a preliminary proxy (“Proxy”) with the Securities and Exchange Commission concerning the proposed sale. The proposed sale has been approved by the Radius board of directors (“Board”). On March 1, 2023, after the market closed, Radius announced that it had agreed to be sold to EQT and PSPIB for $15.00 per share in cash. If you remain a Radius shareholder and question the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below. (Nasdaq: RADI) (“Radius”) has agreed to be sold to EQT and the Public Sector Pension Investment Board (“PSPIB”). We continue to investigate the fairness of the price of $15.00 per share in cash at which Radius Global Infrastructure, Inc.
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