The Law Firm of Weiss & Lurie Investigates ATS Corporation
23 Febbraio 2012 - 1:01AM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of ATS Corporation
(NYSE AMEX:ATSC) arising from its agreement for the Company to be
acquired by Salient Federal Solutions, Inc. through a cash tender
offer for $3.20 per ATS share. The closing is expected to occur
late in the first quarter or early in the second quarter of 2012,
subject to customary terms and conditions, including the tender of
at least 75% of ATS’s shares.
Weiss & Lurie is investigating whether the ATS Board acted
in the best interests of ATS shareholders in approving this deal.
ATS shareholders are receiving virtually little or no premium in
the deal. The closing price for ATS stock was actually $0.05 per
share higher than the offer price on February 17, 2012, and its
last 20-day average closing price prior to the deal’s announcement
was less than $0.01 below the offer price. Moreover, the two ATS
co-CEOs, Pamela Little, who is also ATS’s CFO, and John Hassoun
will receive a one-time cash bonus conditioned upon the
consummation of the deal.
If you own ATS shares and would like more information about your
rights as a shareholder or additional information concerning our
investigation, please contact Julia J. Sun either by email at
info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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