Ademi & Fruchter LLP Investigates Whether 180 Degree Capital Corp. is Obtaining a Fair Price for its Public Shareholders

Ademi & Fruchter LLP is investigating 180 Degree Capital (NASDAQ: TURN) for possible breaches of fiduciary duty and other violations of law in its transaction with Mount Logan.

Click here to learn how to join our investigation and obtain additional information or contact us at [e-mail] or toll-free: 866-264-3995. There is no cost or obligation to you.

In the transaction, 180 Degree Capital stockholders will receive an amount of newly issued shares of common stock of New Mount Logan based on the ratio of the net asset value (“NAV”) per share of 180 Degree Capital relative to a valuation of Mount Logan of $67.4 million at signing, subject to certain pre-closing adjustments. Based on the estimated NAV of 180 Degree Capital as of January 15, 2025, the estimated pro forma post-merger shareholder ownership would be approximately 40% for current 180 Degree Capital shareholders and 60% for current Mount Logan shareholders. 180 Degree Capital insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for 180 Degree Capital by imposing a significant penalty if 180 Degree Capital accepts a competing bid. We are investigating the conduct of 180 Degree Capital’s 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.

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