Shareholder Alert: Ademi LLP investigates whether AlerisLife Inc. has obtained a Fair Price in its transaction with ABP

MILWAUKEE, Feb. 3, 2023 /PRNewswire/ -- Ademi LLP is investigating AlerisLife (Nasdaq: ALR) for possible breaches of fiduciary duty and other violations of law in its transaction with ABP.

Click here to learn how to join the action https://www.ademilaw.com/case/AlerisLife-technical-consultants-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges AlerisLife's financial outlook and prospects are excellent and yet AlerisLife shareholders will receive only $1.31 per share, with total consideration of approximately $43.8 million. The transaction agreement unreasonably limits competing bids for AlerisLife by imposing a significant penalty if AlerisLife accepts a superior bid. AlerisLife insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of AlerisLife'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 AlerisLife.

If you own AlerisLife 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/AlerisLife-technical-consultants-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

SOURCE Ademi LLP