Halper Sadeh Investigates Multiple Shareholder Deals

Halper Sadeh LLC says it is investigating whether boards and companies involved in several proposed mergers and acquisitions met their legal and fiduciary duties, including seeking fair value, running conflict-free sales processes and disclosing material information. The inquiries cover Greenland Energy’s merger with 80 Mile, Hancock Whitney’s merger with Trustmark, and announced sales involving DoubleDown Interactive, Greenfire Resources, Penske Automotive Group, Ultralife and the companies identified in the firm’s Nov. 10 notice. In the Hancock Whitney-Trustmark deal, Hancock Whitney shareholders are expected to own about 65% of the combined company, while Trustmark holders would receive 0.7463 Hancock Whitney shares per share. The firm says it may seek higher consideration, additional disclosures or other relief for shareholders; its notices describe potential concerns, not findings of wrongdoing.