Bull & Lifshitz, LLP Announces Investigation of the Acquisition of ATC Technology Corporation
28 7월 2010 - 12:07AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of ATC Technology Corporation (NASDAQ: ATAC -
News) (referred to as "ATC" or the “Company”) by GENCO Distribution
System, Inc. (referred to as "GENCO") in a cash transaction valued
at approximately $512.6 million.
Under the terms of the transaction, approved by the board of
directors of both companies, each outstanding share of ATC will be
converted into the right to receive $25.00 per share in cash.
Completion of the merger is subject to, among other things,
approval by holders of a majority of ATC's outstanding common
stock.
Bull & Lifshitz, LLP's investigation is focused on whether
the Board of Directors breached their fiduciary duties to ATC
stockholders and whether the proposed deal provides adequate value
to the Company’s shareholders.
If you are a holder of ATC stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of ATC and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to ATC.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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