Breaking News: Is AssetMark's $35.25 Per Share Sale Price a Fair Deal? Johnson Fistel, LLP Investigates Deal Terms
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
SAN DIEGO, April 25, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of AssetMark Financial (NYSE:AMK) ("AssetMark") concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm GTCR. On April 25, 2024, AssetMark informed the public that it has agreed to a deal with GTCR, in which stockholders will receive $35.25 per share in an all-cash offer. Upon completion of the deal, AssetMark will be a private Company. Johnson Fistel’s investigation focuses on whether AssetMark’s board failed to satisfy its duties to the Company's stockholders, including whether the board sufficiently pursued alternatives to the acquisition, and whether the board secured the best possible price for AssetMark’s shares. This is particularly pertinent given analyst projections for earnings and revenue growth, Additionally, change of control p
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AMK
News
- AssetMark Reports $116.9B Platform Assets for First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- AssetMark Reports $116.9B Platform Assets for First Quarter 2024GlobeNewswire
- INVESTIGATION: The M&A Class Action Firm Announces An Investigation of AssetMark Financial Holdings, Inc. - AMKPR Newswire
- AssetMark Financial Holdings, Inc. (NYSE: AMK) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $37.00 price target on the stock.MarketBeat
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the FirmAccesswire
AMK
Earnings
- 5/1/24 - Beat
AMK
Sec Filings
- 5/1/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/9/24 - Form ARS
- AMK's page on the SEC website