PHILADELPHIA, Feb. 06, 2025 (GLOBE NEWSWIRE) —
Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of Altus Power, Inc. (“Altus Power”) (NYSE: AMPS) shareholders.
Additional information:
https://kaskelalaw.com/case/altus-power/
On February 5, 2025, Altus Power announced that it had agreed to be acquired by investment firm TPG at a price of $5.00 per share in cash. Following the closing of the proposed transaction, Altus Power’s shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
The investigation seeks to determine whether Altus Power’s shareholders will be receiving sufficient consideration for their shares, and whether the company’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to the $5.00 per share buyout price. Notably, at the time the proposed transaction was announced, several stock analysts were maintaining price targets on the company’s shares above $5.00 per share, with at least one analyst assigning a recent price target of $7.00 per share.
Altus Power shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for
additional information about this investigation and their legal rights and options
at (484)
229 – 0750. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/altus-power/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the firm’s clients never pay any out-of-pocket costs for legal representation. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
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