NEW YORK, Nov. 8, 2019 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of William Lyon Homes ("WLH" or the "Company")
(NYSE: WLH) in connection with the proposed acquisition of the
Company by Taylor Morrison Home Corp. (NYSE: TMHC) ("TMHC").
Under the terms of the acquisition agreement, WLH
shareholders will receive 0.80 shares of TMHC and $2.50 in cash for each WLH share they own,
representing consideration of $19.86
based on TMHC's November 6 trading
price of $21.70.
If you own WLH shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, visit our website:
http://www.weisslawllp.com/william-lyon-homes/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether WLH's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, at least one analyst set a target price
of $22.00 per WLH share, or
$2.14 above the per-share
consideration.
Finally, the acquisition of WLH is a strategic transaction which
will position TMHC as the fifth largest builder in the United
States.
Given these facts, WeissLaw is concentrating its investigation
on whether the acquisition enhances shareholder value.
WeissLaw is concerned whether the proposed acquisition
undervalues the Company, and whether all material information
related to the proposed acquisition is fully and fairly
disclosed.
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 stockinfo@weisslawllp.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-william-lyon-homes-300954939.html
SOURCE WeissLaw LLP