Simulations Plus’ $18.50-per-Share Sale Faces Fiduciary Duty Investigation
SLP•Simulations Plus agreed to a sale to Altaris affiliates at $18.50 per share, prompting Halper Sadeh’s investigation into potential fiduciary breaches. The firm warns deal terms may block better bids and offers SLP shareholders contingent-fee legal representation to seek higher sale consideration or additional disclosures.
1. Sale to Altaris for $18.50 per Share
Simulations Plus has entered into an agreement to be acquired by affiliates of Altaris, LLC at a fixed price of $18.50 per share. The transaction includes terms that could restrict alternative bids, potentially limiting shareholder options before closing.
2. Shareholder Investigation and Legal Options
Halper Sadeh is probing the deal for possible breaches of fiduciary duty and insufficient disclosures. The firm is offering SLP shareholders contingency-fee representation to pursue enhanced deal consideration, additional information or other relief if breaches are confirmed.
