Is Altus Power's $5 Per Share Sale Price Fair? Johnson Fistel Investigates Deal Terms
Altus Power, Inc. Class A (AMPS)
Company Research
Source: GlobeNewswire
SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Altus Power, Inc. (NYSE: AMPS) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to TPG. On February 6, 2025, Altus Power informed the public that it has agreed to a deal with TPG, in which stockholders will receive $5.00 per share in an all-cash offer. Upon completion of the deal, Altus Power will be a private Company. Johnson Fistel’s investigation is focused on evaluating whether the board diligently explored all viable strategic alternatives prior to approving the transaction and whether it acted in the best interests of shareholders by securing the highest possible value for Altus Power’s shares. Of particular significance is the fact that Altus Power’s stock has historically traded at significantly higher prices in preceding years, raising
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