Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Control4 Corporation has obtained a Fair Price in its Sale to SnapAV

MILWAUKEE, May 9, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of Control4 Corporation CTRL for possible breaches of fiduciary duty and other violations of the law in connection with the sale of CTRL to SnapAV.

Click here to learn how to join the action: http://ademilaw.com/case/ctrl or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges CTRL's financial outlook is improving and yet CTRL shareholders will receive only $23.91 per share.  SnapAV is purchasing CTRL at a substantial discount.  The merger agreement unreasonably limits competing bids for CTRL by prohibiting solicitation of further bids, and imposing a termination penalty if CTRL accepts a superior bid. CTRL insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of CTRL'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 CTRL.

If you own common stock in CTRL and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/ctrl.                     

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 & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi & O'Reilly, LLP