Agiliti, Inc.
AGILITI INC. (AGTI) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Agiliti Inc.
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Agiliti Inc. (NYSE: AGTI) (“Agiliti” or the “Company”) relating to the sale of the Company to THL Partners (“THL Partners”), which owns and controls over 73% of Agiliti’s stock. The two parties have announced that they reached an agreement in principle pursuant to which THL Partners will acquire Agiliti in a going private merger. As a result of the merger, Agiliti shareholders are only anticipated to receive $10.00 per share in cash in exchange for each share of Agiliti.
Andrews & Springer’s investigation so far has revealed that the consideration Agiliti shareholders are expected to receive is inadequate. Analysts at Craig-Hallum Capital, which currently covers Agiliti, set a $23 per share price target on January 4, 2024. The $10.00 per share price is also lower than Jefferies $10.50 per share price target set on November 12, 2023. Our investigation has also revealed that the process leading up to the announcement of the merger appears to have significant conflicts of interest thus making the process and consideration unfair.
If you own shares of Agiliti and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/agiliti-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.