The investigations center on whether the proposed transaction terms unfairly benefit insiders while limiting the potential for superior competing bids. Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is currently slated for sale to TPG Mortgage Investment Trust, Inc. for $0.93 in cash and 0.3063 shares of TPG common stock per unit. Meanwhile, Accelerant Holdings (NYSE: ARX) has entered an agreement to be acquired by Thoma Bravo for $20.25 per share in cash.
In section Releases
Halper Sadeh Launches Investigations into CHMI, ARX, and HHS Sales
Investors are questioning the fairness of three pending corporate acquisitions as law firm Halper Sadeh LLC opens investigations into potential fiduciary breaches. The firm is scrutinizing the sales of Cherry Hill Mortgage Investment Corporation, Accelerant Holdings, and Harte Hanks, Inc. to determine if shareholder interests were prioritized during the negotiations.
Separately, the acquisition of Harte Hanks, Inc. (NASDAQ: HHS) by Star Equity Holdings, Inc. offers shareholders a choice between $5.00 in cash or 0.50 shares of Star Equity's 10% Series A Cumulative Perpetual Preferred Stock. Halper Sadeh LLC, based in New York, is evaluating these deals to determine if legal action is required to secure increased consideration or additional disclosures for investors. The firm operates on a contingent fee basis for these matters, asserting that standard corporate transparency may be lacking in these specific exit strategies.
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