Shareholder Alert: The Ademi Firm Investigates Whether AvidXchange Holdings, Inc. Is Obtaining a Fair Price for Its Public Shareholders

MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating AvidXchange (NASDAQ: AVDX) for possible breaches of fiduciary duty and other violations of law in its transaction with TPG and Corpay.

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, shareholders of AvidXchange will receive only $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. AvidXchange insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for AvidXchange by imposing a significant penalty if AvidXchange accepts a competing bid. We are investigating the conduct of the AvidXchange 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.