Rigrodsky & Long, P.A. Announces Investigation Of Tender Offer To Purchase Shares Of ATS Corporation
22 Febbraio 2012 - 11:30PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of ATS Corporation
(“ATS” or the “Company”) (NYSE AMEX: ATSC) concerning possible
breaches of fiduciary duty and other violations of law related to
the Company’s entry into an agreement to be acquired by Salient
Federal Solutions, Inc. (“Salient”) in a transaction with an
approximate value of $3.20 per share.
Click here to learn more and to discuss your shareholder rights:
http://www.rigrodskylong.com/investigations/ats-corporation-atsc
Under the proposed agreement, Salient will commence a cash
tender offer to purchase all of the outstanding shares of ATS’s
common stock for $3.20 per share. In addition, ATSC board members
have signed a tender and voting agreement in support of the offer,
and certain principal stockholders of ATSC have signed similar
agreements.
The investigation concerns whether ATS’s board of directors
adequately shopped the Company to obtain the best price possible
for ATS shareholders before entering into the agreement with
Salient.
If you own the common stock of Salient and purchased your shares
before February 21, 2012, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Scott J. Farrell, Esquire of Rigrodsky & Long, P.A., 825 East
Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/ats-corporations-atsc
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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