We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Independence Holding Company (“Independence” or the “Company”) (NYSE: IHC) in connection with the proposed acquisition of the Company by Geneve Holdings, Inc. (“Geneve”). Under the terms of the acquisition agreement, the Company’s shareholders will receive $57.00 per share in cash for each share of Independence common stock that they hold.
WeissLaw LLP is investigating whether (i) Independence’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $57.00 per-share merger consideration adequately compensates Independence’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.