Simulations Plus shareholders challenge $18.50 Altaris acquisition terms
SLP•Simulations Plus has agreed to be acquired by Altaris affiliates for $18.50 per share. Halper Sadeh LLC is investigating whether the sale includes terms limiting competing bids and seeking potential increased consideration or disclosures for shareholders.
1. Acquisition Proposal Terms
The Simulations Plus board has approved a sale to affiliates of Altaris, LLC at $18.50 per share, representing the agreed transaction value that shareholders will receive in cash upon closing.
2. Investigation into Fairness of Deal
Halper Sadeh LLC has launched an investigation into whether the acquisition agreement contains provisions that could restrict higher offers from competing bidders or otherwise disadvantage common shareholders.
3. Shareholder Rights and Potential Outcomes
Shareholders are being invited to discuss their rights at no cost, with the law firm prepared to seek additional disclosures, increased consideration or other relief on a contingent fee basis if fiduciary duties were breached.
