Ademi LLP is investigating Altair (Nasdaq: ALTR) for possible breaches of fiduciary duty and other violations of law in its transaction with Siemens.
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 Altair will receive only $113.00 per share, representing an equity value of approximately $10.6 billion. The transaction agreement unreasonably limits competing transactions for Altair by imposing a significant penalty if Altair accepts a competing bid. Altair insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Altair’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.
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