Shareholder Alert: Ademi LLP investigates whether Infrastructure & Energy Alternatives, Inc. has obtained a Fair Price in its transaction with MasTec
MILWAUKEE, July 25, 2022 /PRNewswire/ -- Ademi LLP is investigating IEA (NASDAQ: IEA) for possible breaches of fiduciary duty and other violations of law in its transaction with MasTec.
Click here to learn how to join the action: https://www.ademilaw.com/case/infrastructure-energy-alternatives-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges IEA's financial outlook and prospects are excellent and yet IEA holders will receive only $14.00 per share, comprised of $10.50 per share in cash and 0.0483 of a MasTec share, with a value of $3.50 per share, based on MasTec's closing share price on July 22, 2022. The transaction agreement unreasonably limits competing bids for IEA by imposing a significant penalty if IEA accepts a superior bid. IEA insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of IEA'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 IEA.
If you own IEA 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/infrastructure-energy-alternatives-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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