The investor rights law firm said it is examining whether the proposed transactions raise federal securities law or fiduciary duty concerns for shareholders.
Halper Sadeh LLC said it is investigating four proposed corporate transactions for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders. The matters involve Distribution Solutions Group, Inc.’s sale to affiliates of LKCM Headwater Investments, LLC for $35.00 per share in cash, AvalonBay Communities, Inc.’s sale to Equity Residential for 2.793 shares of Equity Residential common stock for each AvalonBay share, Simulations Plus, Inc.’s sale to affiliates of Altaris, LLC for $18.50 per share, and Apogee Therapeutics, Inc.’s sale to AbbVie for $135.11 per share in cash. The firm said insiders may receive substantial financial benefits not available to ordinary shareholders and that the proposed transactions may include terms that could limit superior competing offers. On behalf of shareholders, it said it may seek increased consideration, additional disclosures and information, or other relief and benefits.