Johnson Fistel Investigates Fairness of Proposed Sale of Landsea to New Home Co. and its Majority Shareholder Apollo.
San Diego – GlobeNewswire—May 13, 2025
Johnson Fistel, PLLP has launched an investigation into whether the board members of Landsea Homes Corporation (NASDAQ: LSEA) breached their fiduciary duties in connection with the proposed sale of the Company to New Home, a portfolio company of funds managed by affiliates of Apollo Global Management (NYSE: APO)
On May 12, 2025, Landsea announced it had entered into a definitive agreement for New Home Co. to acquire all outstanding shares in a go-private transaction, offering shareholders $11.30 per share in cash — a price below both the prior 12-month high of $14.04 and a Wall Street analyst’s $18.00 price target.
If you are a shareholder of Landsea and believe the proposed buyout price is too low or if you’re interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
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