SAN DIEGO & FALLS CHURCH, Va.--(BUSINESS WIRE)--Robbins LLP announces that it is investigating the acquisition of PAE Incorporated (NASDAQ: PAE) by Amentum Government Services LLC. Under the terms of the agreement, PAE stockholders will receive $10.15 in cash for each share of PAE common stock owned.
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Is the Proposed Acquisition Best for PAE Incorporated (PAE) and Its Shareholders?
According to the Proxy Statement, PAE's board approved a merger agreement with Amentum in which PAE will become a wholly owned subsidiary of Amentum. The deal is valued at approximately $1.9 billion and is expected to close in the first quarter of 2022. Robbins LLP is concerned that PAE's board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders.
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