Johnson Fistel Investigates the Fairness of Proposed Sale of Landsea Homes Corporation to New Home Co.
1. Johnson Fistel investigates potential fiduciary breaches by Landsea's board. 2. Landsea agreed to sell to New Home Co for $11.30 per share. 3. Proposed sale price is below Landsea's 12-month high of $14.04. 4. A Wall Street analyst targeted $18.00 as fair value for Landsea shares. 5. Shareholder dissatisfaction may arise regarding the low buyout offer.