Engel Law PLLC is investigating whether fair value to Endeavor Group shareholders will result from a proposed acquisition of World Wrestling Entertainment, Inc. (NYSE: WWE) by Endeavor Group Holdings, Inc. (NYSE: EDR), in which a new entity will be formed combining WWE with the Endeavor Group’s UFC. Upon close, Endeavor Group will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.