MILWAUKEE, May 16, 2022 /PRNewswire/ — Ademi LLP is investigating ManTech (Nasdaq: MANT) for possible breaches of fiduciary duty and other violations of law in its transaction with Carlyle.
Click here to find out how to join the action: https://www.ademilaw.com/case/mantech-international-corporation or call Gouri Ademi toll free at 866-264-3995. There is no cost or obligation for you.
Ademi LLP alleges that ManTech’s financial outlook and prospects are excellent and yet ManTech holders will only receive $96.00 per share in an all-cash transaction with an aggregate enterprise value of approximately $4.2 billion. The settlement agreement unreasonably limits competing offers for ManTech by prohibiting the solicitation of additional offers and imposing a significant penalty if ManTech accepts a superior offer. ManTech insiders will receive substantial benefits under the change of control agreements.
We are investigating the conduct of ManTech’s board of directors and whether it (i) is fulfilling its fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for ManTech.
If you own shares of ManTech common stock and would like additional information, please contact Gouri Ademi either at [email protected] or toll free: 866-264-3995, or https://www.ademilaw.com/case/mantech-international-corporation.
We specialize in shareholder disputes regarding takeovers, mergers and individual shareholder rights nationwide. For more information, do not hesitate to call us. Lawyer advertisement. Prior results do not guarantee similar results.
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SOURCE Ademi LLP