Is the Proposed Acquisition of PAE Incorporated (PAE) Best for the Company and Its Shareholders?
PAE Incorproated (NASDAQ: PAE) has agreed to be acquired by Amentum Government Services LLC. Under the terms of the agreement, PAE stockholders will receive $10.15 in cash for each share of PAE common stock owned.
According to the Proxy Statement, PAE’s board of directors approved a merger agreement with Amentum in which PAE will become a wholly owned subsidiary of Amentum. The deal is valued at approximately $1.9 billion and is expected to close in the first quarter of 2022. Robbins LLP is concerned that PAE’s board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders.
PAE Incorporated (PAE) shareholders have legal options. If you own shares of PAE Incorporated, contact us to learn more about your legal rights.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.