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Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Ouster, Inc. (NYSE: OUST) and Velodyne Lidar, Inc. is fair to Ouster shareholders. Under the terms of the merger, each share of Velodyne will be exchanged for 0.8204 shares of Ouster. The transaction is expected to result in existing Velodyne and Ouster shareholders each owning approximately 50% of the combined company.
The investigation concerns whether Ouster and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Ouster shareholders; and (2) disclose all material information necessary for Ouster shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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