The Michaels Companies
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MICHAELS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF THE MICHAELS COMPANIES IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MIK
March 3, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of The Michaels Companies (NASDAQ: MIK) to funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) for $22.00 per share in cash is fair to Michaels shareholders.
The investigation concerns whether Michaels and its board of directors 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 Michaels shareholders; (2) determine whether Apollo is underpaying for Michaels; and (3) disclose all material information necessary for Michaels shareholders to adequately assess and value the merger consideration. On behalf of Michaels 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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