ATAC HF Foods Group (delisted)

Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating ATC Technology Corporation (NASDAQ: ATAC) for shareholders in connection with the proposed acquisition by GENCO Distribution System, Inc., a privately held company. The firm’s investigation seeks to determine whether ATC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an ATC shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On July 19, 2010, ATC and GENCO announced that they had entered into a definitive agreement under which ATC would be acquired for $25.00 per share in cash in a deal valued at approximately $512.6 million. Although the merger consideration “represents a 43.4% premium over ATC's July 16, 2010 closing price” and a “46.5% premium over the average closing price of ATC common stock over the 30 trading days prior to July 19, 2010,” ATC’s stock traded for over $24.00 per share in late March of this year. ATC stock prices fell to $18.02 on March 26, after the company announced lower than expected revenues and earnings per shares due to “lower than anticipated returns volume with AT&T.” On April 26, 2010, ATC announced that it had “renewed its contract with AT&T covering all services currently provided to AT&T” through December 31, 2013. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $30 per share.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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