Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of Trean Insurance Group, Inc. (“Trean” or the “Company”) (NASDAQ: TIG) by affiliates of its 47% stockholder, Altaris, LLC. As a result of the merger, Trean stockholders are anticipated to receive only $6.15 per share in cash in exchange for each share of Trean. This price is 23% less than the Company’s book value of $8.01 per share as calculated by analysts at William Blair on November 7, less than the $8.85 to $7.00 range Trean’s stock price traded earlier in 2022, and less than the $8.00 per share price target set by Price Target Research LLC on November 20, 2022.
The Trean merger investigation concerns whether Altaris and the Board of Trean have harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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