PHILADELPHIA, PA / ACCESSWIRE / April 25, 2024 / Kehoe Law Firm, P.C. is investigating whether the buyout price in the proposed acquisition of AdTheorent Holding Company, Inc. ("AdTheorent") (NASDAQ:ADTH) by Cadent, LLC ("Cadent") is fair to AdTheorent shareholders.
On April 1, 2024, AdTheorent announced it had reached an agreement to be bought out by Cadent for $3.21 per share. The transaction is valued at approximately $324 million.
Importantly, the investigation concerns whether AdTheorent's board of directors failed to maximize AdTheorent's value for the benefit of AdTheorent's shareholders in connection with its announced merger with a wholly-owned subsidiary of Cadent, in breach of their fiduciary duties to AdTheorent's shareholders, and whether AdTheorent's shareholders have suffered damages as a result.
INVESTORS OF ADTHEORENT STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
INVESTORS OF ADTHEORENT HOLDING COMPANY ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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SOURCE: Kehoe Law Firm, P.C.