Law Firm Investigates Three Corporate Acquisitions
Halper Sadeh LLC has launched investigations into potential securities law violations regarding pending transactions at Surgery Partners, Range Resources, and First Community Bankshares.
New York-based law firm Halper Sadeh LLC is investigating three separate corporate transactions to determine if they comply with federal securities laws and fiduciary obligations. The firm is scrutinizing the acquisition terms for Surgery Partners, Inc., Range Resources Corporation, and First Community Bankshares, Inc.
The firm claims it is reviewing whether the deal structures unfairly limit competitive bidding or provide disproportionate benefits to insiders. Investigations of this nature are frequently initiated by investor rights firms to seek improved transaction terms or additional disclosures for shareholders.
Specific transactions include the sale of Surgery Partners to HealthSpan Partners for $23.50 per share; the acquisition of Range Resources by EQT Corporation in a stock-for-stock exchange; and the merger between First Community Bankshares and Main Street Financial Services Corp. Halper Sadeh indicates it may seek relief or increased consideration on behalf of investors if it identifies breaches of duty.