Law Firm Probes Modiv Industrial’s All-Stock Sale Giving Shareholders 11%
Halper Sadeh LLC is investigating the proposed sale of Modiv Industrial to Global Net Lease for potential breaches of fiduciary duty. Under the all-stock deal, Modiv shareholders would hold roughly 11% of the combined company, prompting inquiries into whether transaction terms unfairly limit competing bids.
1. Investigation of Fiduciary Breaches
Halper Sadeh LLC has launched an inquiry into whether Modiv Industrial’s management breached fiduciary duties in the Global Net Lease transaction, potentially disadvantaging ordinary shareholders by approving unequal terms.
2. Transaction Structure Details
The deal envisions an all-stock merger where Modiv Industrial shareholders receive shares in the new combined entity, representing approximately 11% ownership upon closing.
3. Shareholder Rights and Remedies
The firm warns that insiders may receive benefits not afforded to public shareholders and is offering to pursue increased consideration or additional disclosures on a contingent fee basis.