WWE are likely to lose two top stars after the return of Vince McMahon, FightfulSelect.com reports.
Multiple wrestlers are already exploring what their options would be in the event Vince McMahon was to be steadily involved in WWE shows going forward, according to Fightful Select.
Two talents, including one near the top of the card, said they'll likely request their release.… pic.twitter.com/ogxlxx1wmQ
— Just Alyx (@JustAlyxCentral) April 4, 2023
There are reports that WWE and UFC are planning to merge into a new publicly traded company, but they may face legal hurdles before they can go public. Ademi LLP, a law firm specializing in shareholder litigation involving mergers, buyouts, and individual shareholder rights, is investigating whether WWE’s board of directors are fulfilling their duties to all shareholders by obtaining a fair and reasonable price for the company.
The law firm has released a press statement encouraging WWE shareholders to contact them for more information on the investigation. WWE insiders will reportedly receive significant benefits as part of the change of control arrangements, leading Ademi LLP to examine whether the board is acting in the best interests of all shareholders. It remains to be seen whether the law firm’s investigation will result in legal action to h
Ademi LLP investigates whether World Wrestling Entertainment, Inc. has obtained a Fair Price in its transaction with Endeavor
MILWAUKEE, April 3, 2023 /PRNewswire/ — Ademi LLP is investigating WWE (NYSE: WWE) for possible breaches of fiduciary duty and other violations of law in its transaction with Endeavor.
Ademi LLP alleges WWE’s financial outlook and prospects are excellent and yet the transaction values WWE’s shares at only approximately $106 per share (before any post-closing dividend) with Endeavor holding a 51% controlling interest in the new company and existing WWE shareholders holding a 49% interest in the new company. The transaction agreement unreasonably limits competing bids for WWE by imposing a significant penalty if WWE accepts a superior bid. WWE insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of WWE’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 WWE.
If you own WWE common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/world-wrestling-entertainment-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) 482-8001alt the merger.
The investigation by Ademi LLP has the potential to impact WWE’s ongoing business operations and its future, and shareholders will be closely monitoring any developments in the case. It remains to be seen whether the investigation will affect WWE’s momentum as it approaches the final stages of the merger with UFC.
The partnership between WWE and UFC could bring about significant changes for both companies, although specifics are still unclear. WWE’s plans for a new headquarters appear to be moving forward, and there are rumors that WWE talent may have more freedom online, including on platforms like OnlyFans. However, it is important to note that the company remains under the control of Vince McMahon.
