NEW YORK, April 28, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hilton Grand Vacations Inc. («Hilton» or the «Company») (NYSE: HGV) in connection with the Company’s proposed acquisition of Diamond Resorts International, Inc. («Diamond») from funds managed by affiliates of Apollo Global Management, Inc. (the «Apollo Funds») (NYSE: APO). Under the terms of the merger agreement, Hilton will issue 34.5 million shares of common stock valued at $1.4 billion to the Apollo Funds and the other Diamond stockholders. Upon consummation of the transaction, current Hilton shareholders will own approximately 72% of the combined company and the Apollo Funds will own approximately 28%.
If you own Hilton shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether (i) Hilton’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the deal’s equity split is fair to Hilton shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP