IF Bancorp Stockholders Approve Sale Proposal
Deal News | Dec 04, 2024 | Olshan Frome Wolosky LLP
Stilwell Activist Investments, L.P., advised by Olshan Frome Wolosky LLP, announced that stockholders of IF Bancorp, Inc. have approved a Rule 14a-8 proposal advocating for the sale of the company. This decision was reached during the 2024 annual stockholders' meeting, suggesting shareholders' alignment with Stilwell’s strategic intentions. Should the company fail to act on the proposal, Stilwell intends to pursue board representation in 2025. The firm was represented by Olshan's Shareholder Activism partner, Meagan Reda, and associate, Nikoleta Holevas.
Sectors
- Investment Management
- Banking and Finance
- Legal Services
Geography
- United States – IF Bancorp, Inc. is a US-based company, and the legal proceedings and shareholder meeting are taking place in the United States.
Industry
- Investment Management – Stilwell Activist Investments, L.P., is involved in activism and pushing for the sale of IF Bancorp.
- Banking and Finance – IF Bancorp, Inc. operates in the finance sector and is the target of the proposed sale.
- Legal Services – Olshan Frome Wolosky LLP provided legal services and representation in this shareholder activism case.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stilwell Activist Investments, L.P. | Proponent of Sale | Company | An activist investment firm pushing for the sale of IF Bancorp, Inc. |
| IF Bancorp, Inc. | Target Company | Company | A financial services company that shareholders have agreed should be sold. |
| Olshan Frome Wolosky LLP | Legal Advisor | Company | The law firm representing Stilwell in the shareholder activism matter. |
| Meagan Reda | Legal Advisor | Person | Shareholder Activism partner at Olshan Frome Wolosky LLP. |
| Nikoleta Holevas | Legal Advisor | Person | Associate at Olshan Frome Wolosky LLP representing Stilwell. |