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Share Name | Share Symbol | Market | Type |
---|---|---|---|
HF Foods Group (delisted) | NASDAQ:ATAC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.15 | 12.77 | 13.42 | 0 | 01:00:00 |
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of ATC Technology Corporation (“ATC” or the “Company”) (NASDAQ:ATAC) related to the Company’s agreement to be acquired by GENCO Distribution System, Inc. (“GENCO”). The proposed cash transaction is valued at approximately $513 million.
Under the terms of the definitive agreement and plan of merger entered into by the parties, in the merger each outstanding share of ATC will be converted into the right to receive $25.00 per share in cash. Upon completion of the transaction, ATC will become a wholly owned subsidiary of GENCO, and will no longer trade publicly. The transaction is expected to close during the fourth quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by ATC’s board of directors.
If you own shares of ATC, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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