SAN DIEGO, April 03, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Endeavor Group Holdings, Inc. (NYSE:EDR) ("Endeavor") concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Silver Lake.
On April 2, 2024, Endeavor informed the public that it has agreed to a deal with Silver Lake, in which stockholders will receive $27.50 per share in an all-cash offer. Upon completion of the deal, Endeavour will be a private Company. The transaction will be financed through a combination of new and reinvested equity from Silver Lake and additional capital from several sources including equity rolled over ...