Cases
Sotheby's (NYSE: BIC)
Merger
Overview
Overview
- Date:
- 6/17/2019
- Company Name:
- Sotheby's
- Stock Symbol:
- BID
- Company Name - Buyer:
- BidFair USA
- Status:
- Closed/Complete
- Merger Announcement Date:
- 6/17/2019
NEW YORK, June 17, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Sotheby’s (NYSE: BID) on behalf of Sotheby’s shareholders concerning its proposed acquisition by BidFair USA.
Pursuant to the proposed transaction, announced on June 17, 2019 and valued at approximately $3.7 billion, Sotheby’s shareholders will receive $57 for each share of Sotheby’s common stock owned. The investigation focuses on whether Sotheby’s and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sotheby's shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 17, 2019 and valued at approximately $3.7 billion, Sotheby’s shareholders will receive $57 for each share of Sotheby’s common stock owned. The investigation focuses on whether Sotheby’s and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sotheby's shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.