MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Staffing 360 (Nasdaq: STAF) for possible breaches of fiduciary duty and other violations of law in its transaction with Atlantic.
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, the stockholders of Staffing 360 will receive only 1.202 Atlantic shares for each Staffing 360 share. Atlantic and Staffing 360 shareholders will own approximately 90% and 10%, respectively, of the combined company on a fully diluted basis. The transaction agreement unreasonably limits competing transactions for Staffing 360 by imposing a significant penalty if Staffing 360 accepts a competing bid. Staffing 360 insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Staffing 360’s 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.
