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AMPS SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Altus Power, Inc. (NYSE: AMPS) Proposed $5.00 Per Share Buyout Offer and Encourages Investors to Contact the Firm
AMPSAltus Power(AMPS) GlobeNewswire News Room·2025-02-06 16:00

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of Altus Power, Inc. by TPG at a price of 5.00pershare,focusingonwhethershareholdersarereceivingadequateconsiderationfortheirsharesandiftherewereanybreachesoffiduciarydutiesbythecompanysofficersordirectors[1][3].Group1:BuyoutDetailsOnFebruary5,2025,AltusPowerannouncedanagreementtobeacquiredbyTPGfor5.00 per share, focusing on whether shareholders are receiving adequate consideration for their shares and if there were any breaches of fiduciary duties by the company's officers or directors [1][3]. Group 1: Buyout Details - On February 5, 2025, Altus Power announced an agreement to be acquired by TPG for 5.00 per share in cash, resulting in shareholders being cashed out and the company's shares ceasing to be publicly traded [2]. - The buyout price of 5.00pershareisunderscrutinyasseveralanalystshadpricetargetsabovethisamount,withatleastoneanalystsettingatargetof5.00 per share is under scrutiny as several analysts had price targets above this amount, with at least one analyst setting a target of 7.00 per share [3]. Group 2: Legal Investigation - The investigation by Kaskela Law LLC aims to assess the sufficiency of the buyout consideration and to determine if there were any violations of securities laws or fiduciary duties by Altus Power's management [3]. - Shareholders of Altus Power are encouraged to reach out to Kaskela Law LLC for information regarding their legal rights and options related to the investigation [4].