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Former Louisiana Attorney General Charles C. Foti, Jr., and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Assertio Holdings, Inc. (NasdaqCM: ASRT) to Garda Therapeutics.
Under the terms of the proposed transaction, shareholders of Assertio would receive $18.00 per share in cash and a contingent value right. KSF said it is seeking to determine whether the consideration and the process that led to it are adequate, or whether the offer undervalues the company.
KSF noted that the transaction is structured as a tender offer, adding that time may be of the essence.
KSF said that if investors believe the transaction undervalues the company and/or would like to discuss their legal rights regarding the proposed sale, they may contact KSF Managing Partner Lewis S. Kahn toll-free at 855-768-1857 or email lewis.kahn@ksfcounsel.com. The firm also directed readers to https://www.ksfcounsel.com/cases/nasdaqcm-asrt/ for more information.

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