MILWAUKEE, May 9, 2019 /PRNewswire/ -- Ademi & O'Reilly,
LLP is investigating the Board of Control4 Corporation (NASDAQ:
CTRL) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of CTRL to
SnapAV.
Click here to learn how to join the action:
http://ademilaw.com/case/ctrl or call Guri
Ademi toll-free at 866-264-3995. There is no cost or
obligation to you.
Ademi & O'Reilly, LLP alleges CTRL's financial outlook is
improving and yet CTRL shareholders will receive only $23.91 per share. SnapAV is
purchasing CTRL at a substantial discount. The merger
agreement unreasonably limits competing bids for CTRL by
prohibiting solicitation of further bids, and imposing a
termination penalty if CTRL accepts a superior bid. CTRL insiders
will receive millions of dollars as part of change of control
arrangements. We are investigating on the conduct of CTRL's board
of directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for CTRL.
If you own common stock in CTRL and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/ctrl.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP