NEW YORK, March 18, 2024 /7Newswire — Nationally recognized shareholder rights firm Julie & Holleman LLP is investigating the proposed $10 per share buyout of Agiliti Inc. (NYSE: AGTI) by the company’s largest shareholder, private equity firm Thomas H. Lee Partners, L.P. (“THL”).
For a free, no-risk consultation, please visit https://julieholleman.com/agiliti-inc/, or contact firm partner Scott Holleman by email at scott@julieholleman.com.
Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe and sustainable healthcare delivery system. THL is Agiliti’s largest shareholder, owning approximately 74% of the company’s stock. THL took control of the company in 2019 and led its 2021 initial public offering, which priced Agiliti’s stock at $14 per share.
On February 26, 2024, Agiliti announced that it had entered into an agreement to be acquired by THL for $10 per share in cash, which values the company at approximately $2.5 billion.
Julie & Holleman, whose attorneys have helped secure hundreds of millions of dollars for shareholders, is concerned about the inadequate deal price. The $10 per share deal price is less than the recent IPO price, the 52-week high price of $19.60 per share, and the $23 per share price target recently established by a Wall Street analyst. Julie & Holleman is also concerned about conflicts of interest—THL is squeezing out public shareholders while retaining for itself the company’s massive potential. Several of the so-called “independent” directors also have potential conflicts of interest.
Please visit https://julieholleman.com/agiliti-inc/ or contact partner Scott Holleman by email at scott@julieholleman.com or by telephone at (929) 415-1020 for more information.
Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm’s attorneys litigate in state and federal courts across the nation and have helped secure hundreds of millions of dollars for aggrieved companies and their shareholders. For more information about the firm, please visit www.julieholleman.com. This notice may constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
SOURCE Julie & Holleman LLP
