Provided By Business Wire
Last update: May 6, 2025
The Ademi Firm is investigating FARO (Nasdaq: FARO) for possible breaches of fiduciary duty and other violations of law in its transaction with AMETEK.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of FARO will receive only $44 per share in cash, which represents an enterprise value of approximately $920 million. FARO insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for FARO by imposing a significant penalty if FARO accepts a competing bid. We are investigating the conduct of the FARO board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250506090546/en/
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