MILWAUKEE, Oct. 13, 2023 /PRNewswire/ -- Ademi LLP is investigating National Western (NASDAQ: NWLI) for possible breaches of fiduciary duty and other violations of law in its transaction with Prosperity Life Group.
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In the transaction, National Western stockholders are expected to receive only $500 per share of National Western's Class A Common Stock and Class B Common Stock in an all-cash transaction valued at approximately $1.9 billion. The transaction agreement unreasonably limits competing transactions for National Western by imposing a significant penalty if National Western accepts a competing bid. National Western insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of National Western's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own National Western common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or
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.
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SOURCE Ademi LLP