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ADTRAN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF ADTRAN, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ADTN
August 30, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of ADTRAN, Inc. (NASDAQ: ADTN) and ADVA is fair to ADTRAN shareholders. Following completion of the transaction, ADTRAN shareholders are expected to own approximately 54% of the combined company.
The investigation concerns whether ADTRAN and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for ADTRAN shareholders; and (2) disclose all material information necessary for ADTRAN shareholders to adequately assess and value the merger consideration. On behalf of ADTRAN shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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