ATC Technology Corporation Merger Litigation (Nasdaq: ATAC)
Law Office of Brodsky & Smith, LLC Announces Investigation of ATC Technology Corporation
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of ATC Technology Corporation (“ATC” or the “Company”) (Nasdaq: ATAC – News) relating to the proposed acquisition by GENCO Distribution System, Inc.
Under the terms of the offer, ATC shareholders would receive cash of $25.00 for each share of ATC stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that ATC stock was trading at $24.77 a share as recently as March 10, 2010 and was trading at $24.67 a share on January 19, 2010
If you own shares of ATC and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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