Shareholder Alert: Ademi LLP investigates whether Rover Group, Inc. has obtained a Fair Price in its transaction with Blackstone

MILWAUKEE, Nov. 29, 2023 /PRNewswire/ — Ademi LLP is investigating Rover Group, Inc. (Nasdaq: ROVR) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.


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Click here to learn how to join the https://www.ademilaw.com/case/rover-group-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. 

In the transaction, Rover stockholders are expected to receive only $11.00 per share in an all-cash transaction valued at approximately $2.3 billion. The transaction agreement unreasonably limits competing transactions for Rover by imposing a significant penalty if Rover accepts a competing bid. Rover insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Rover’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Rover common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/rover-group-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.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP