Shareholder Alert: Ademi LLP Investigates Whether Barnes Group Inc. Is Obtaining a Fair Price for Its Public Shareholders

Business Wire 7-Oct-2024 8:20 AM

Ademi LLP is investigating Barnes (NYSE:B) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo Funds.

Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, Barnes shareholders will receive only $47.50 per share in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The transaction agreement unreasonably limits competing transactions for Barnes by imposing a significant penalty if Barnes accepts a competing bid. Barnes insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Barnes' board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Barnes common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or here.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

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