Altra Industrial Motion Corp.

Practice Area: 
Stock Symbol: 
AIMC
Case Status: 
Investigations

Ademi LLP is investigating Altra (NASDAQ: AIMC) for possible breaches of fiduciary duty and other violations of law in its transaction with Regal Rexnord.

Ademi LLP alleges Altra’s financial outlook and prospects are excellent and yet Altra holders will receive only $62.00 per share. The transaction agreement unreasonably limits competing bids for Altra by imposing a significant penalty if Altra accepts a superior bid. Altra insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Altra’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Altra.