An investigation for investors in NYSE:ADT shares was announced concerning the acquisition of ADT Corp for $42.00 per share.
Investors who purchased shares of ADT Corp (NYSE:ADT) and currently hold any of those NYSE:ADT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of ADT Corp breached their fiduciary duties owed to NYSE:ADT investors in connection with the proposed acquisition.
On February 16, 2016, ADT Corp announced that it has entered into an agreement to be acquired by an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC, also owned by the Apollo Funds, for $42.00 per share in cash.
However, the investigation concerns whether the offer is unfair to NYSE:ADT stockholders. More specifically, the investigation concerns whether the ADT Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On February 29, 2016, NYSE:ADT shares closed at $40.37 per share.
Those who are current investors in NYSE:ADT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego