Law Office of Brodsky & Smith, LLC Announces Investigation of ATS Corporation
March 05 2012 - 10:30AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
ATS Corporation (“ATS” or the “Company”) (NYSE AMEX: ATSC) relating
to the proposed acquisition by Salient Federal Solutions, Inc.
(“Salient”).
Under the terms of the transaction, ATS shareholders would
receive only $3.20 in cash for each share of ATS stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of ATS for
not acting in the Company’s shareholders' best interests in
connection with the sale process to Salient. The transaction may
undervalue ATS as ATS stock traded at $4.75 on June 24, 2011 and
traded at $3.33 as recently as February 2, 2012. In addition, it
has been reported that members of ATS Board of Directors will
receive one-time cash bonuses if the transaction is successfully
completed.
If you own shares of ATS stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/389-atsc-ats-corporation.html, or by
calling toll free 877-LEGAL-90.
Ats Corp. Common Stock (AMEX:ATSC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ats Corp. Common Stock (AMEX:ATSC)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Ats Corp. Common Stock (American Stock Exchange): 0 recent articles
More Brodsky & Smith, LLC News Articles