Kaskela Law LLC is investigating Independence Holding Company (NYSE: IHC) (“IHC”) on behalf of the company’s current stockholders.
On November 9, 2021, IHC announced that it had agreed be acquired by Geneve Holdings, Inc. Under the proposed agreement, IHC shareholders are expected to be cashed out of their IHC shares at a price of $57.00 per share in cash. Following the closing of the proposed transaction, shares of IHC’s stock will no longer be publicly traded.
The investigation is focused on whether IHC’s directors have breached their fiduciary duties to the company’s stockholders by failing to adequately shop the company and maximize the buyout price. The investigation also concerns the fairness of the sales process conducted by Perella Weinberg Partners LP, IHC’s financial advisor.
IHC shareholders are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (888) 715 – 1740, or by completing the information form on this page, for additional investigation about this investigation and their legal rights and options with respect to the proposed transaction.