MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Adams (NYSE AMERICAN: AE) for possible breaches of fiduciary duty and other violations of law in its transaction with Tres Energy.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, stockholders of Adams will receive only $38.00 per share in an all-cash transaction that values Adams at a total enterprise value (including bank debt and financial leases) of approximately $138.9 million.
The transaction agreement unreasonably limits competing transactions for Adams by imposing a significant penalty if Adams accepts a competing bid. Adams insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Adams’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
