PHILADELPHIA, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Independence Holding Company (: IHC) (“IHC”) on behalf of the company’s current stockholders.
On November 9, 2021, IHC announced that it had agreed be acquired by Geneve Holdings, Inc. Under the proposed agreement, IHC shareholders are expected to be cashed out of their IHC shares at a price of $57.00 per share in cash. Following the closing of the proposed transaction, shares of IHC’s stock will no longer be publicly traded.
The investigation is focused on whether IHC’s directors have breached their fiduciary duties to the company’s stockholders by failing to adequately shop the company and maximize the buyout price. The investigation also concerns the fairness of the sales process conducted by Perella Weinberg Partners LP, IHC’s financial advisor.
IHC shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by email at [email protected], to discuss this investigation and their legal rights and options with respect to the proposed transaction. Additional information may also be requested online at https://kaskelalaw.com/cases/independence-holding-company-ihc/.
Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
David Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 258 – 1585
www.kaskelalaw.com
