Faruqi & Faruqi, LLP Announces Investigation of ATS Corporation
07 März 2012 - 1:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of ATS Corporation (“ATS” or the “Company”) (NYSE AMEX:
ATSC) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Salient Federal
Solutions, Inc., in an all-cash deal valued at about $77 million.
Under the terms of the proposed transaction, ATS stockholders will
receive $3.20 in cash for each share of ATS common stock they own.
As recently as February 2, 2012, ATS stock traded at $3.33 per
share – higher than the deal price. The proposed transaction is
structured as a tender offer and may be effectuated without a
shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/ATSC
Whether ATS Board of Directors breached their fiduciary duties
to the Company’s stockholders by failing to conduct an adequate and
fair sales process prior to agreeing to this proposed transaction,
whether the proposed transaction undervalues ATS shares and by how
much this proposed transaction undervalues the Company to the
detriment of ATS shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in ATS and wish to obtain additional
information, please visit us at www.faruqilaw.com/ATSC or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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