MILWAUKEE, Jan. 31, 2023 /PRNewswire/ -- Ademi LLP is investigating Atlas (Nasdaq: ATCX) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners.
Click here to learn how to join the action https://www.ademilaw.com/case/atlas-technical-consultants-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Atlas' financial outlook and prospects are excellent and yet Atlas shareholders will receive only $12.25 per share in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. The transaction agreement unreasonably limits competing bids for Atlas by imposing a significant penalty if Atlas accepts a superior bid. Atlas insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Atlas' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Atlas.
If you own Atlas common stock and wish to obtain additional information, please contact Guri Ademi either at email@example.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/atlas-technical-consultants-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP
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