MILWAUKEE, June 17, 2024 /PRNewswire/ -- Ademi LLP is investigating ICCH (NASDAQ: ICCH) for possible breaches of fiduciary duty and other violations of law in its transaction with Mutual Capital Holdings.
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In the transaction, ICCH shareholders will receive only $23.50 in cash, which represents a total equity value of approximately $73.8 million. The transaction agreement unreasonably limits competing transactions for ICCH by imposing a significant penalty if ICCH accepts a competing bid. ICCH insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of ICCH's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own ICCH common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or
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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