SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Staffing 360 Solutions, Inc. – STAF
Portfolio Pulse from
Monteverde & Associates PC is investigating the merger of Staffing 360 Solutions, Inc. with Atlantic International Corp. Staffing 360 shareholders will receive 1.202 Atlantic shares for each Staffing 360 share, resulting in Atlantic shareholders owning 90% of the combined company.
November 06, 2024 | 12:00 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Staffing 360 Solutions, Inc. is under investigation by Monteverde & Associates PC regarding its merger with Atlantic International Corp. STAF shareholders will receive 1.202 Atlantic shares per STAF share, with Atlantic shareholders owning 90% of the new entity.
The investigation by a class action firm could introduce uncertainty about the merger's fairness or legality, potentially affecting STAF's stock price. However, the terms of the merger are clear, and the investigation is not a lawsuit, so the immediate impact may be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100