{"id":473739,"date":"2021-04-08T14:22:14","date_gmt":"2021-04-08T18:22:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473739"},"modified":"2021-04-08T14:22:14","modified_gmt":"2021-04-08T18:22:14","slug":"shareholder-alert-ademi-llp-investigates-whether-orbcomm-inc-has-obtained-a-fair-price-in-its-transaction-with-gi-partners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-orbcomm-inc-has-obtained-a-fair-price-in-its-transaction-with-gi-partners\/","title":{"rendered":"Shareholder Alert: Ademi LLP investigates whether ORBCOMM Inc. has obtained a Fair Price in its transaction with GI Partners"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MILWAUKEE<\/span>, April 8, 2021<\/span> \/PRNewswire\/ —\u00a0Ademi LLP is investigating ORBCOMM (NASDAQ: ORBC) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners. <\/p>\n

Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/orbcomm-inc<\/a>\u00a0or call Guri Ademi<\/span> toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. <\/p>\n

Ademi LLP alleges\u00a0ORBCOMM’s financial outlook is excellent and yet ORBCOMM shareholders will receive only $11.50<\/span> in cash per outstanding share of common stock. The merger agreement unreasonably limits competing bids for ORBCOMM\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if ORBCOMM\u00a0accepts a superior bid. ORBCOMM\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of ORBCOMM’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 ORBCOMM. <\/p>\n

If you own ORBCOMM\u00a0common stock and wish to obtain additional information, please contact Guri Ademi<\/span> either at gademi@ademilaw.com<\/a>\u00a0or toll-free: 866-264-3995, or https:\/\/www.ademilaw.com\/case\/orbcomm-inc<\/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

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

\n Contacts
<\/b>Ademi LLP
Guri Ademi<\/span>
Toll Free: (866) 264-3995
Fax: (414) 482-8001<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-ademi-llp-investigates-whether-orbcomm-inc-has-obtained-a-fair-price-in-its-transaction-with-gi-partners-301265345.html<\/a><\/p>\n

SOURCE Ademi LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire MILWAUKEE, April 8, 2021 \/PRNewswire\/ —\u00a0Ademi LLP is investigating ORBCOMM (NASDAQ: ORBC) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners. Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/orbcomm-inc\u00a0or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0ORBCOMM’s financial outlook is excellent and yet ORBCOMM shareholders will receive only $11.50 in cash per outstanding share of common stock. The merger agreement unreasonably limits competing bids for ORBCOMM\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if ORBCOMM\u00a0accepts a superior bid. ORBCOMM\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct … <\/p>\n

Continue reading “Shareholder Alert: Ademi LLP investigates whether ORBCOMM Inc. has obtained a Fair Price in its transaction with GI Partners”<\/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-473739","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShareholder Alert: Ademi LLP investigates whether ORBCOMM Inc. has obtained a Fair Price in its transaction with GI Partners - 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-orbcomm-inc-has-obtained-a-fair-price-in-its-transaction-with-gi-partners\/\" \/>\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 ORBCOMM Inc. has obtained a Fair Price in its transaction with GI Partners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MILWAUKEE, April 8, 2021 \/PRNewswire\/ —\u00a0Ademi LLP is investigating ORBCOMM (NASDAQ: ORBC) for possible breaches of fiduciary duty and other violations of law in its transaction with GI Partners. Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/orbcomm-inc\u00a0or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0ORBCOMM’s financial outlook is excellent and yet ORBCOMM shareholders will receive only $11.50 in cash per outstanding share of common stock. The merger agreement unreasonably limits competing bids for ORBCOMM\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if ORBCOMM\u00a0accepts a superior bid. ORBCOMM\u00a0insiders will receive millions of dollars as part of change of control arrangements. 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