MILWAUKEE, Nov. 8, 2021 /PRNewswire/ — Ademi LLP is investigating Dover (NYSE: DVD), for possible breaches of fiduciary duty and other violations of law in its transaction with Speedway Motorsports.
Click here to learn how to join the action: https://www.ademilaw.com/case/dover-motorsports-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Dover’s financial outlook and prospects are excellent and yet Dover shareholders will receive only $3.61 per share in cash for an approximate total equity value of $131.5 million. The merger agreement unreasonably limits competing bids for Dover by prohibiting solicitation of further bids, and imposing a significant penalty if Dover accepts a superior bid. Dover insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Dover’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 Dover.
If you own Dover common stock and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, or https://www.ademilaw.com/case/dover-motorsports-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.
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SOURCE Ademi LLP