LOS ANGELES, CA / ACCESSWIRE / March 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Astra Space, Inc. ("Astra" or "the Company") (NASDAQ:ASTR) for potential breaches of fiduciary duty on the part of its directors and management.
The investigation focuses on determining if the Astra board breached its fiduciary duties to shareholders. The Company announced on March 7, 2024, "that it has entered into a definitive merger agreement pursuant to which the acquiring entity (the "Parent") has agreed, subject to customary closing conditions, to acquire all shares of Astra common stock not already owned by it for $0.50 per share in cash. On March 6, 2024, the closing price of Astra's Class A common stock was $0.86 per share."
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm