Shareholder Alert: Ademi LLP investigates whether Great Western Bancorp, Inc. has obtained a Fair Price in its transaction with First Interstate

·2 min read

MILWAUKEE, Sept. 16, 2021 /PRNewswire/ -- Ademi LLP is investigating Great Western (NYSE: GWB), for possible breaches of fiduciary duty and other violations of law in its transaction with First Interstate.

AdemiLogo (PRNewsfoto/Ademi LLP)
AdemiLogo (PRNewsfoto/Ademi LLP)

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

Ademi LLP alleges Great Western's financial outlook and prospects are excellent and yet Great Western shareholders will receive only .8425 shares of First Interstate Class A common stock for each Great Western share they own. Following completion of the transaction, Great Western shareholders will collectively own 43% of the combined company. The implied total transaction value based on closing prices on September 15, 2021 is approximately $2.0 billion. The merger agreement unreasonably limits competing bids for Great Western by prohibiting solicitation of further bids, and imposing a significant penalty if Great Western accepts a superior bid. Great Western insiders will receive substantial benefits as part of change of control arrangements. We are investigating the conduct of Great Western's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Great Western.

If you own Great Western common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/great-western-bancorp-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 LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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