Cases & Investigations
Distribution Solutions Group, Inc. Investigation
Type: Investigations
Stock Symbol: NASDAQ: DSGR
Wolf Popper LLP is investigating potential breach of fiduciary duty claims on behalf of minority stockholders of Distribution Solutions Group, Inc. (NASDAQ: DSGR).
Distribution Solutions Group announced that it has agreed to be acquired by an affiliate of LKCM Headwater Investments, which already owns approximately 79% of Distribution Solutions Group’s shares. Under the terms of the proposed transaction, investment funds managed by LKCM Headwaters will acquire all unaffiliated shares of the Company for $35.00 per share in cash.
Wolf Popper’s investigation focuses, among other things, on whether the proposed $35.00 per share consideration adequately reflects the value of the Company.
The investigation also concerns potential conflicts of interest. Six of Distribution Solutions Group’s seven directors are either partners or board members of LKCM Headwaters or entities owned by LKCM Headwaters, and additional relationships between board members and LKCM Headwaters raise further questions regarding the independence of the board and the fairness of the process leading up to the transaction.
We encourage current stockholders of Distribution Solutions Group, Inc. to email us at outreach@wolfpopper.com to discuss this investigation. You may have a legal claim.
Distribution Solutions Group announced that it has agreed to be acquired by an affiliate of LKCM Headwater Investments, which already owns approximately 79% of Distribution Solutions Group’s shares. Under the terms of the proposed transaction, investment funds managed by LKCM Headwaters will acquire all unaffiliated shares of the Company for $35.00 per share in cash.
Wolf Popper’s investigation focuses, among other things, on whether the proposed $35.00 per share consideration adequately reflects the value of the Company.
The investigation also concerns potential conflicts of interest. Six of Distribution Solutions Group’s seven directors are either partners or board members of LKCM Headwaters or entities owned by LKCM Headwaters, and additional relationships between board members and LKCM Headwaters raise further questions regarding the independence of the board and the fairness of the process leading up to the transaction.
We encourage current stockholders of Distribution Solutions Group, Inc. to email us at outreach@wolfpopper.com to discuss this investigation. You may have a legal claim.
Contact Instructions
- Phone: Carl Stine – (212) 451-9631
- Phone: Adam Blander – (212) 451-9667
- Email: Outreach@wolfpopper.com
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