Law firm Ademi LLP probes whether Distribution Solutions Group is getting fair value in LKCM Headwater deal
MILWAUKEE, July 16. Ademi LLP said Wednesday it is investigating Distribution Solutions Group, Inc. (NASDAQ: DSGR) for possible breaches of fiduciary duty and other violations of law in connection with a recently announced transaction between DSG and LKCM Headwater.
MILWAUKEE, July 16. Ademi LLP said Wednesday it is investigating Distribution Solutions Group, Inc. (NASDAQ: DSGR) for possible breaches of fiduciary duty and other violations of law in connection with a recently announced transaction between DSG and LKCM Headwater.
What Ademi LLP is examining
The investigation centers on whether Distribution Solutions Group is obtaining a fair price for its public shareholders in the LKCM Headwater deal, the firm said. Ademi LLP did not specify which legal provisions it believes may have been violated beyond the fiduciary duty framing. No lawsuit was mentioned in the firm's release.
The firm described the DSG-LKCM Headwater transaction as "recently announced" but provided no offer price, exchange ratio, or expected closing date. No financial terms appeared in the statement.
Shareholder notice
Ademi LLP said Distribution Solutions Group shareholders can join the investigation and obtain additional information. The firm gave no deadline for participation and did not detail what remedies it may seek. Distribution Solutions Group trades on the Nasdaq under the ticker DSGR.
Note: The source release contained no financial figures, deal terms, or closing timeline. This article reflects only what was disclosed.