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Red Hat Shareholders Upset Over Merger Bid -

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tedkov   Wednesday, 12/05/18 04:29:03 PM
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Red Hat Shareholders Upset Over Merger Bid - (via Business Journal)
December 5, 2018
Tags: NewsPoints Red Hat IBM United States Corporate Affairs Mergers &
Acquisitions

A group of Red Hat, Inc. shareholders are attempting
to block the $34 billion purchase of the company by IBM.

The shareholders allege that the purchase price of $190 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Red Hat obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Red Hat did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Red Hat for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com


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