We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Atlas Technical Consultants, Inc. (“Atlas” or the “Company”) (NASDAQ: ATCX), in connection with the proposed acquisition of the Company by GI Partners. Under the terms of the merger agreement, the Company’s shareholders will receive $12.25 in cash for each share of Atlas common stock owned. The transaction is valued at approximately $1.05 billion.
Weiss Law is investigating whether (i) Atlas’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $12.25 per share merger consideration adequately compensates Atlas’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.