United Homes Group has entered into a definitive agreement to be acquired by Stanley Martin Homes for $1.18 per share in cash. The board unanimously approved the transaction, which includes provisions that may restrict superior competing bids.

Investor rights law firm Halper Sadeh LLC is investigating potential federal securities law violations and breaches of fiduciary duties related to the sale. The firm contends the deal’s terms could limit higher offers and may seek increased consideration or additional disclosures on behalf of shareholders.