PR Newswire
MILWAUKEE, Oct. 5, 2023
MILWAUKEE, Oct. 5, 2023 /PRNewswire/ -- Ademi LLP is investigating SP Plus (Nasdaq: SP) for possible breaches of fiduciary duty and other violations of law in its transaction with Metropolis.
Click here to learn how to join the action https://www.ademilaw.com/case/sp-plus-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, SP Plus stockholders are expected to receive only $54.00 for each share of SP Plus common stock owned. The transaction agreement unreasonably limits competing transactions for SP Plus by imposing a significant penalty if SP Plus accepts a competing bid. SP Plus insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of SP Plus's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own SP Plus common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/sp-plus-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
