SHAREHOLDER ALERT: Weiss Law Investigates Applied Genetic Technologies Corporation

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Applied Genetic Technologies Corporation ("Applied Genetic" or the "Company") (NASDAQ: AGTC), in connection with the proposed acquisition of the Company via tender offer. Under the tender offer, the Company's shareholders will receive $0.34 in cash for each share of Applied Genetic common stock owned, plus one non-tradeable contingent value right ("CVR"). The transaction is valued at approximately $23.5 million.

If you own Applied Genetic shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/agtc
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

Weiss Law is investigating whether (i) Applied Genetic's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the consideration to be paid adequately compensates Applied Genetic's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $16.00 per share, $15.66 above the per-share merger consideration.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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SOURCE Weiss Law