Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of ATS Corporation by Salient Federal Solut...
22 Febrero 2012 - 11:58AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of ATS Corporation (“ATS”) (NYSE
AMEX: ATSC) and other violations of state law by the board of
directors of ATS relating to the proposed acquisition of the
company by Salient Federal Solutions, Inc. (“Salient”). The firm’s
investigation seeks to determine, among other things, whether the
board breached its fiduciary duties by failing to maximize
shareholder value.
On February 22, 2012, ATS and Salient announced that they had
entered into a definitive merger agreement providing for Salient to
acquire ATS. Under the terms of the merger agreement, ATS
shareholders will receive $3.20 for each share of ATS common stock
held. As recently as February 2, 2012, ATS stock traded
at $3.33 per share – higher than the deal price.
If you currently own shares of ATS and would like to learn more
about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to
you, attempt to answer your questions. You may contact Brower Piven
by email at hoffman@browerpiven.com, by calling (410) 415-6616, or
at Brower Piven, A Professional Corporation, 1925 Old Valley Road,
Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and other class action cases of
over 60 years.
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