Shareholder Alert: Ademi LLP Investigates Whether Avid Bioservices, Inc. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Nov 8, 2024--
Ademi LLP is investigating Avid (NASDAQ: CDMO) for possible breaches of fiduciary duty and other violations of law in its transaction with GHO and Ampersand .
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 Avid will receive only $12.50 per share in an all-cash transaction valued at approximately $1.1 billion. The transaction agreement unreasonably limits competing transactions for Avid by imposing a significant penalty if Avid accepts a competing bid. Avid insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Avid’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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241107702001/en/
CONTACT: Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Ademi LLP
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