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Stock impact report

TKO LEGAL UPDATE: Did the TKO Group Holdings Board Breach its Fiduciary Duties to Investors? Shareholders are Urged to Contact BFA Law (NYSE:TKO)

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: GlobeNewswire
NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into TKO Group Holdings, Inc. (NYSE: TKO), the board of directors, and the controlling stockholder for potential breaches of fiduciary duty. If you are a holder of TKO Group Holdings, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/tko-group-holdings-inc. Investigation Details: TKO is controlled by Endeavor Group Holdings, Inc. (“Endeavor”) through its ownership of 53.6% of the total voting power of the Company’s voting stock.  Endeavor has designated a majority of directors to the board of directors of TKO.  As a result of its control, Endeavor can influence TKO to engage in conflicted transactions and control the outcome of TKO’s corporate actions that typically would require shareholder approval. On October 24, 2024, TKO announced that it had entered into a transaction agreement with Endeavor Show less Read more
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