Shareholder Alert: Ademi LLP investigates whether Gatos Silver, Inc. has obtained a Fair Price for its Public Shareholders
MILWAUKEE, Sept. 5, 2024 /PRNewswire/ -- Ademi LLP is investigating Gatos (NYSE:GATO) (TSX:GATO) for possible breaches of fiduciary duty and other violations of law in its transaction with First Majestic.
Click here to learn how to join our investigation https://www.ademilaw.com/case/gatos-silver-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Gatos stockholders will receive 2.550 common shares of First Majestic for each common share of Gatos held. The consideration implies a total offer value of $13.49 per common share of Gatos based on the closing price of First Majestic's common shares. The proposed Transaction implies a total equity value for Gatos of approximately $970 million. Following completion of the Transaction, existing Gatos shareholders will own approximately 38% of First Majestic shares on a fully-diluted basis.
The transaction agreement unreasonably limits competing transactions for Gatos by imposing a significant penalty if Gatos accepts a competing bid. Gatos insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Gatos's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Gatos 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/gatos-silver-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
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