NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Iconix Brand Group, Inc. (“Iconix” or the “Company”) (NASDAQ: ICON) in connection with the proposed acquisition of the Company by Iconix Acquisition Corp., an affiliate of Lancer Capital, LLC. The transaction is structured as an all-cash tender offer in which the Company’s shareholders will receive $3.15 for each share of Iconix common stock that they own. The transaction is valued at approximately $585 million.
If you own Iconix shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether: (i) Iconix’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $3.15 offer price adequately compensates Iconix’s shareholders, and (iii) all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $4 per share, $0.85 above the per-share offer price.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com