1. Ademi Firm investigates GDEN for possible fiduciary duty breaches. 2. GDEN shareholders to receive 0.902 shares of VICI and $2.75 cash. 3. Insider agreements provide significant benefits amid change of control. 4. Transaction limits competing bids with penalties for acceptance. 5. Investigation focuses on GDEN board's duties to shareholders.
The investigation indicates potential legal issues impacting investor trust. Historical examples show similar situations led to significant stock declines.
The breach investigation directly relates to shareholder rights and trust issues, influencing investor sentiment.
The immediate uncertainty caused by the investigation may affect stock performance soon. Legal matters often bring volatility in the short term.
MILWAUKEE, Nov. 6, 2025 /PRNewswire/ -- The Ademi Firm is investigating Golden (NASDAQ:GDEN) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Blake L. Sartini and affiliates.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, Golden shareholders will receive 0.902 shares of VICI Properties Inc. common stock and $2.75 in cash for each Golden share held. The transaction involves selling Golden's operating assets to Sartini and seven casino real estate assets to VICI in a sale-leaseback arrangement. Blake Sartini, Blake Sartini II and affiliated trusts, who own approximately 25% of Golden's voting shares, have signed a voting agreement supporting the deal.
Golden insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Golden by imposing a significant penalty if Golden accepts a competing bid. We are investigating the conduct of the Golden board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP