We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Huttig Building Products, Inc. (“Huttig” or the “Company”) (NASDAQ: HBP), in connection with the proposed tender offer for the Company by Woodgrain Inc. (“Woodgrain”). Under the terms of the tender offer, the Company’s shareholders will receive $10.70 in cash for each share of Huttig common stock owned.
Weiss Law is investigating whether (i) Huttig’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $10.70 per-share merger consideration adequately compensates Huttig’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.