MILWAUKEE, June 21, 2021 /PRNewswire/ -- Ademi LLP is investigating Lydall (NYSE: LDL) for possible breaches of fiduciary duty and other violations of law in its transaction with Unifrax.

Click here to learn how to join the action: https://www.ademilaw.com/case/lydall-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Lydall's financial outlook is excellent and yet Lydall shareholders will receive only $62.10 per share in cash for each share outstanding, implying a total enterprise value of approximately $1.3 billion. The merger agreement unreasonably limits competing bids for Lydall by prohibiting solicitation of further bids, and imposing a termination penalty if Lydall accepts a superior bid. Lydall insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Lydall's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Lydall.

If you own Lydall common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/lydall-inc.                       

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.

Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP