STER SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Sterling Check Corp. (NASDAQ: STER) and Encourages Investors to Contact the Firm
Kaskela Law LLC announces that it is investigating Sterling Check Corp. (NASDAQ: STER) (“Sterling”) on behalf of the company’s shareholders. On Februa Kaskela Law LLC is investigating Sterling Check Corp. (NASDAQ: STER) on behalf of the company's shareholders after it agreed to be acquired by First Advantage Corp. in 2024. The $16.73 per share consideration represents a 35% premium to Sterling’s closing price of $12.42 on February 28, 2024. However, this price is significantly lower than the trading price Sterling's shares traded at less than two years ago. The investigation seeks to determine if Sterling‘s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to First Advantage at a discounted valuation. Kaskela Legal LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.
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PHILADELPHIA--( )--Kaskela Law LLC announces that it is investigating Sterling Check Corp. (NASDAQ: STER) (“Sterling”) on behalf of the company’s shareholders.
On February 29, 2024, Sterling announced that it had agreed to be acquired by First Advantage Corp. (“First Advantage”). Under the terms of the proposed agreement, Sterling stockholders are expected to receive either : (i) in cash or (ii) 0.979 shares of First Advantage common stock for each Sterling share they own.
Although the press release disclosing the proposed transaction reported that “[t]he $16.73 per share consideration represents a premium of 35% to Sterling’s closing price of $12.42 on February 28, 2024,” the $16.73 per share consideration is significantly lower than the that Sterling’s shares traded at less than two years ago.
The investigation seeks to determine whether Sterling’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to First Advantage at a $16.73 per share valuation.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .
This notice may constitute attorney advertising in certain jurisdictions.
KASKELA LAW LLC D. Seamus Kaskela, Esq. ( [email protected] ) Adrienne Bell, Esq. ( [email protected] ) 18 Campus Blvd., Suite 100 Newtown Square, PA 19073 (888) 715 – 1740 (484) 229 – 0750 www.kaskelalaw.com
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