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EMPOWER MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF EMPOWER LTD. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – EMPW
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Empower Ltd. (NYSE: EMPW) and Holley is fair to Empower shareholders. Upon the closing of the transaction, and assuming none of Empower’s public stockholders elect to redeem their shares, Empower stockholders are expected to own 21.6% of the combined company.
The investigation concerns whether Empower and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Empower shareholders; and (2) disclose all material information necessary for Empower shareholders to adequately assess and value the merger consideration. On behalf of Empower shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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