NEW
YORK, March 18, 2024 /PRNewswire/ -- Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed $10 per
share buyout of Agiliti Inc. (NYSE: AGTI) by the company's largest
shareholder, private equity firm Thomas H. Lee Partners, L.P.
("THL").
For a free, no-risk consultation, please visit
https://julieholleman.com/agiliti-inc/, or contact firm partner
Scott Holleman by email at
scott@julieholleman.com.
Agiliti is an essential service provider to the U.S. healthcare
industry with solutions that help support a more efficient, safe
and sustainable healthcare delivery system. THL is Agiliti's
largest shareholder, owning approximately 74% of the company's
stock. THL took control of the company in 2019 and led its 2021
initial public offering, which priced Agiliti's stock at
$14 per share.
On February 26, 2024, Agiliti
announced that it had entered into an agreement to be acquired by
THL for $10 per share in cash, which
values the company at approximately $2.5
billion.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about the inadequate deal price. The $10 per share deal price is less than the recent
IPO price, the 52-week high price of $19.60 per share, and the $23 per share price target recently established
by a Wall Street analyst. Julie & Holleman is also concerned
about conflicts of interest—THL is squeezing out public
shareholders while retaining for itself the company's massive
potential. Several of the so-called "independent" directors also
have potential conflicts of interest.
Please visit https://julieholleman.com/agiliti-inc/ or contact
partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020 for more
information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP