Shareholder Alert: Ademi LLP investigates whether American Campus Communities, Inc. has obtained a Fair Price in its transaction with Blackstone
MILWAUKEE, April 19, 2022 /PRNewswire/ -- Ademi LLP is investigating ACC (NYSE:ACC) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.
Click here to learn how to join the action: https://www.ademilaw.com/case/american-campus-communities-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges ACC's financial outlook and prospects are excellent and yet ACC shareholders will receive only $65.47 per fully diluted share in an all-cash transaction valued at approximately $12.8 billion, including the assumption of debt. The transaction agreement unreasonably limits competing bids for ACC by prohibiting solicitation of further bids, and imposing a significant penalty if ACC accepts a superior bid. ACC insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of ACC's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for ACC.
If you own ACC common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/american-campus-communities-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.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-american-campus-communities-inc-has-obtained-a-fair-price-in-its-transaction-with-blackstone-301527970.html
SOURCE Ademi LLP