Law Office of Brodsky & Smith, LLC Announces Investigation of ATC Corporation
July 20 2010 - 10:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
ATC Corporation (“ATC” or the “Company”) (Nasdaq: ATAC) 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
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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