Pomerantz Law Firm Investigates Claims on Behalf of Investors of ATS Corporation
22 Février 2012 - 12:17AM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of ATS Corporation (“ATS” or the
“Company”) (NYSE AMEX: ATSC) (ISIN: US00211E1047) concerning the
proposed acquisition of ATS by Salient Federal Solutions, Inc.
(“Salient”) in a cash transaction valued at approximately $77
million.
The investigation concerns whether the ATS directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, ATS shareholders would receive $3.20 in cash per share
of ATS common stock. However, the price to EBITDA, EBIT and revenue
multiples are below that of comparable transactions and as recently
as February 2, 2012, ATS stock traded at $3.33 per share.
ATS shareholders seeking more information about this acquisition
are advised to contact Rebecca Jarmon at rjarmon@pomlaw.com or
212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
Ats Corp. Common Stock (AMEX:ATSC)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Ats Corp. Common Stock (AMEX:ATSC)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Ats Corp. Common Stock (American Stock Exchange): 0 recent articles
Plus d'articles sur Pomerantz Haudek Grossman & Gross LLP