MILWAUKEE, Jan. 4, 2021 /PRNewswire/ -- Ademi LLP is investigating Alaska Communications (NASDAQ:ALSK) for possible breaches of fiduciary duty and other violations of the law in its transaction with ATN International.
Click here to learn how to join the action: http://ademilaw.com/case/alaska-communications-systems-group-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Alaska Communications' financial outlook is improving and yet Alaska Communications shareholders will receive only $3.40 per share. The merger agreement unreasonably limits competing bids for Alaska Communications by prohibiting solicitation of further bids, and imposing a termination penalty if Alaska Communications accepts a superior bid. Alaska Communications insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Alaska Communications' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Alaska Communications.
If you own Alaska Communications common stock and wish to obtain additional information, please contact Guri Ademi either at email@example.com or toll-free: 866-264-3995, or http://ademilaw.com/case/alaska-communications-systems-group-inc.
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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SOURCE Ademi LLP