Shareholder Alert: Ademi LLP continues investigation of Shutterstock, Inc.’s transaction with Getty Images
MILWAUKEE--(BUSINESS WIRE)--Apr 2, 2025--
The Ademi Firm is continuing its investigation of Shutterstock (NYSE: SSTK) for possible breaches of fiduciary duty and other violations of law in its transaction with the Getty Images .
On April, 2025, Shutterstock reported that the Department of Justice had issued a second request for documents and information regarding the transaction. The second request may implicate antitrust issues.
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, Shutterstock stockholders will receive one of the following:
- $28.84870 per share in cash for each share of Shutterstock common stock they own;
- 13.67237 shares of Getty Images common stock for each share of Shutterstock common stock they own; or
- a mixed consideration of 9.17 shares of Getty Images common stock plus $9.50 in cash for each share of Shutterstock common stock they own.
Shutterstock shareholder elections will be subject to proration to ensure that the aggregate consideration payable by Getty Images consist of $9.50 in cash per Shutterstock share and 9.17 shares of Getty Images stock per Shutterstock share. Shutterstock insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Shutterstock by imposing a significant penalty if Shutterstock accepts a competing bid. We are investigating the conduct of Shutterstock’ 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 throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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CONTACT: Ademi & Fructher LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Ademi & Fruchter LLP
Copyright Business Wire 2025.
PUB: 04/02/2025 06:54 PM/DISC: 04/02/2025 06:54 PM
http://www.businesswire.com/news/home/20250402695048/en
