PHILADELPHIA, March 18, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces investigation into the recently proposed M.D.C. Holdings, Inc. (NYSE: MDC) (“MDC”) stockholder buyout.
On January 18, 2024, MDC announced that it had agreed to be acquired by Sekisui House, Ltd. (“Sekisui”) at a price of $63.00 per share in cash – a less than 20% premium to the prior day’s closing price. Following the closing of the proposed transaction, MDC’s stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
The investigation thus far has revealed that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the sales process as well as the consideration appear unfair to the company’s shareholders.
MDC shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/m-d-c-holdings/ , for additional information about this investigation and their legal rights and options with respect to this transaction.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
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