Shareholder Alert: Ademi LLP investigates whether Matterport, Inc. has obtained a Fair Price in its transaction with CoStar Group

MILWAUKEE, April 22, 2024 /PRNewswire/ -- Ademi LLP is investigating Matterport (NASDAQ: MTTR) for possible breaches of fiduciary duty and other violations of law in its transaction with CoStar Group.

Click here to learn how to join the https://www.ademilaw.com/case/matterport-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, Matterport stockholders will receive only $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024. Specifically, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock. The transaction agreement unreasonably limits competing transactions for Matterport by imposing a significant penalty if Matterport accepts a competing bid. Matterport insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Matterport's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Matterport common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/matterport-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP