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-0.00221163661109219 -0.00306226607689687 -0.0575025518883974 -0.0234773732562096 -0.0813201769309288 -0.0846886696155155 -0.101735284110242 -0.10683906090507
Stock impact report

Shareholder Alert: Ademi LLP Investigates Whether Aerovate Therapeutics, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Aerovate Therapeutics, Inc. (AVTE) 
Company Research Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Aerovate (Nasdaq: AVTE) for possible breaches of fiduciary duty and other violations of law in its transaction with Jade.Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.Under the agreement, Aerovate stockholders are expected to own approximately 1.6% of the combined company, while Jade stockholders — including those investors participating in the pre-closing financing — are expected to own approximately 98.4%. Aerovate will also pay a dividend of approximately $65 million to Aerovate stockholders immediately prior to the closing of the merger.The transaction agreement unreasonably limits competing transactions for Aerovate by imposing a significant penalty if Aerovate accepts a competing bid. Aerovate insiders will receive substantial benefits as part of change of control arrangements.We are investigating the conduct of Aerovate’s board of di Show less Read more
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