Shareholder Alert: Ademi & Fruchter LLP Investigates Whether Logan Ridge Finance Corporation Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE–(BUSINESS WIRE)–
Ademi & Fruchter LLP is investigating Logan Ridge (Nasdaq: LRFC) for possible breaches of fiduciary duty and other violations of law in its transaction with Portman Ridge.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, Logan Ridge stockholders will receive only 1.50 shares of Portman Ridge common stock in exchange for each share of common stock of Logan Ridge. Based on Portman Ridge’s closing price of $16.68 per share on January 24, 2025, the merger consideration values Logan Ridge’s shares at $25.02 per share. Logan Ridge insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Logan Ridge by imposing a significant penalty if Logan Ridge accepts a competing bid. We are investigating the conduct of Logan Ridge’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORDS: Wisconsin United States North America
INDUSTRY KEYWORDS: Legal Professional Services
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