{"id":449878,"date":"2021-03-03T13:29:11","date_gmt":"2021-03-03T18:29:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449878"},"modified":"2021-03-03T13:29:11","modified_gmt":"2021-03-03T18:29:11","slug":"shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/","title":{"rendered":"Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MILWAUKEE<\/span>, <span class=\"xn-chron\">March 3, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Ademi LLP is investigating Michaels\u00a0(NASDAQ: MIK) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo. <\/p>\n<p>Click here to learn how to join the action: <a href=\"http:\/\/ademilaw.com\/case\/michaels-companies\" rel=\"nofollow\">http:\/\/ademilaw.com\/case\/michaels-companies<\/a> or call <span class=\"xn-person\">Guri Ademi<\/span> toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. <\/p>\n<p>Ademi LLP alleges\u00a0Michaels&#8217;s financial outlook is excellent and yet Michaels shareholders will receive only <span class=\"xn-money\">$22<\/span> for each share of Michaels. \u00a0The merger agreement unreasonably limits competing bids for Michaels\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if Michaels\u00a0accepts a superior bid. Michaels\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Michaels&#8217;s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Michaels. <\/p>\n<p>If you own Michaels\u00a0common stock and wish to obtain additional information, please contact <span class=\"xn-person\">Guri Ademi<\/span> either at <a target=\"_blank\" href=\"mailto:gademi@ademilaw.com\" rel=\"nofollow noopener noreferrer\">gademi@ademilaw.com<\/a>\u00a0or toll-free: 866-264-3995, or <a href=\"http:\/\/ademilaw.com\/case\/michaels-companies\" rel=\"nofollow\">http:\/\/ademilaw.com\/case\/michaels-companies<\/a>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>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. <\/p>\n<p>\n        <b>Contacts<br \/><\/b>Ademi LLP<br \/><span class=\"xn-person\">Guri Ademi<\/span><br \/>Toll Free: (866) 264-3995<br \/>Fax: (414) 482-8001<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG97682&amp;sd=2021-03-03\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo-301239912.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo-301239912.html<\/a><\/p>\n<p>SOURCE  Ademi LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG97682&amp;Transmission_Id=202103031325PR_NEWS_USPR_____CG97682&amp;DateId=20210303\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MILWAUKEE, March 3, 2021 \/PRNewswire\/ &#8212;\u00a0Ademi LLP is investigating Michaels\u00a0(NASDAQ: MIK) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo. Click here to learn how to join the action: http:\/\/ademilaw.com\/case\/michaels-companies or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0Michaels&#8217;s financial outlook is excellent and yet Michaels shareholders will receive only $22 for each share of Michaels. \u00a0The merger agreement unreasonably limits competing bids for Michaels\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if Michaels\u00a0accepts a superior bid. Michaels\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Michaels&#8217;s board of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449878","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MILWAUKEE, March 3, 2021 \/PRNewswire\/ &#8212;\u00a0Ademi LLP is investigating Michaels\u00a0(NASDAQ: MIK) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo. Click here to learn how to join the action: http:\/\/ademilaw.com\/case\/michaels-companies or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0Michaels&#8217;s financial outlook is excellent and yet Michaels shareholders will receive only $22 for each share of Michaels. \u00a0The merger agreement unreasonably limits competing bids for Michaels\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if Michaels\u00a0accepts a superior bid. Michaels\u00a0insiders will receive millions of dollars as part of change of control arrangements. 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Click here to learn how to join the action: http:\/\/ademilaw.com\/case\/michaels-companies or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0Michaels&#8217;s financial outlook is excellent and yet Michaels shareholders will receive only $22 for each share of Michaels. \u00a0The merger agreement unreasonably limits competing bids for Michaels\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if Michaels\u00a0accepts a superior bid. Michaels\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Michaels&#8217;s board of &hellip; Continue reading \"Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T18:29:11+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG97682&amp;sd=2021-03-03","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo","datePublished":"2021-03-03T18:29:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/"},"wordCount":257,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG97682&amp;sd=2021-03-03","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-the-michaels-companies-has-obtained-a-fair-price-in-its-transaction-with-apollo\/","name":"Shareholder Alert: Ademi LLP Investigates whether The Michaels Companies has obtained a Fair Price in its transaction with Apollo - 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