Simulations Plus to Be Acquired at $18.50 per Share as Probe Launches
SLP•Simulations Plus has agreed to be acquired by affiliates of Altaris LLC for $18.50 per share, offering shareholders a defined premium. Simultaneously, Johnson Fistel has launched a probe into potential securities law breaches by the company's executives over alleged misleading disclosures about its financial outlook and internal controls.
1. Altaris Acquisition Terms
Simulations Plus’s board has approved a sale to affiliates of Altaris, LLC at $18.50 per share. The transaction provides a clear exit valuation and a cash component that may reflect a premium over recent trading levels.
2. Securities Law Investigation
Johnson Fistel has initiated an investigation into whether Simulations Plus officers made false or misleading statements regarding its financial outlook, reporting practices and internal controls. The probe could lead to legal actions seeking additional disclosures or financial remedies for investors.
