Advertisement
Canada markets close in 5 hours 53 minutes

  • S&P/TSX

    21,660.37
    -213.35 (-0.98%)
     

  • S&P 500

    4,997.98
    -73.65 (-1.45%)
     

  • DOW

    37,799.73
    -661.19 (-1.72%)
     

  • CAD/USD

    0.7286
    -0.0011 (-0.16%)
     

  • CRUDE OIL

    82.34
    -0.47 (-0.57%)
     

  • Bitcoin CAD

    87,117.49
    -3,676.06 (-4.05%)
     

  • CMC Crypto 200

    1,371.84
    -10.73 (-0.78%)
     

  • GOLD FUTURES

    2,331.30
    -7.10 (-0.30%)
     

  • RUSSELL 2000

    1,961.98
    -33.45 (-1.68%)
     

  • 10-Yr Bond

    4.7230
    +0.0710 (+1.53%)
     

  • NASDAQ

    15,425.63
    -287.12 (-1.83%)
     

  • VOLATILITY

    17.28
    +1.31 (+8.20%)
     

  • FTSE

    8,046.67
    +6.29 (+0.08%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

PAE INCORPORATED (PAE) SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation into Fairness of Proposed PAE Privatization

Newsfile Corp.
·1 min read

Philadelphia, Pennsylvania--(Newsfile Corp. - October 28, 2021) - Kaskela Law LLC announces that it is investigating PAE Incorporated (NASDAQ: PAE) on behalf of the company's shareholders.

On October 25, 2021, PAE announced that it had entered into an agreement to be acquired by Amentum Holdings LLC ("Amentum"). According to the announcement, PAE shareholders are expected to receive $10.05 per share in cash in exchange for their shares. Following the closing of the proposed transaction, shares of PAE's stock will no longer be publicly traded.

The investigation is focused on whether PAE's directors have breached their fiduciary duties and/or violated the securities laws by failing to adequately shop the company and maximize shareholder value. The investigation also concerns the fairness of the sales process conducted by Morgan Stanley & Co. LLC, PAE's financial advisor.

ADVERTISEMENT

PAE shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email (skaskela@kaskelalaw.com) or online at https://kaskelalaw.com/cases/pae/, for additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

David Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101227