PR Newswire | Jul 13, 2020 10:50AM EDT

Technologies, Inc. has obtained a Fair Price in its transaction with Madison Dearborn

07/13 09:50 CDT

Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Benefytt Technologies, Inc. has obtained a Fair Price in its transaction with Madison Dearborn MILWAUKEE, July 13, 2020

MILWAUKEE, July 13, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Benefytt Technologies (Nasdaq: BFYT) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Madison Dearborn.

Click here to learn how to join the action: http://ademilaw.com/case/benefytt-technologies-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges Benefytt Technologies' financial outlook is improving and yet shareholders will receive only $31 per share. The merger agreement unreasonably limits competing bids for Benefytt Technologies by prohibiting solicitation of further bids, and imposing a termination penalty if Benefytt Technologies accepts a superior bid. Benefytt Technologies insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Benefytt Technologies' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Benefytt Technologies.

If you own common stock in Benefytt Technologies and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/benefytt-technologies-inc.

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.

Contacts

Ademi & O'Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001

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SOURCE Ademi & O'Reilly, LLP