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Is Altus Power's $5 Per Share Sale Price Fair? Johnson Fistel Investigates Deal Terms

1. Johnson Fistel is investigating Altus Power's board for fiduciary breaches. 2. Altus Power agreed to sell to TPG for $5.00 per share, all cash. 3. Concerns arise over whether the sale reflects Altus's true value. 4. Investigation questions if the board explored all strategic alternatives. 5. Formerly higher stock prices raise doubts about the current deal's fairness.

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FAQ

Why Bearish?

The investigation suggests potential mismanagement by the board, affecting investor confidence. Historical examples indicate similar situations led to stock price declines due to legal concerns.

How important is it?

The investigation by a reputable law firm signals potential issues for AMPS investors, heightening the risk of price decline. Legal scrutiny often leads to negative sentiment in the market.

Why Short Term?

Currently, the investigation may lead to immediate market reactions, with potential for future implications. Past investigations of other firms have shown short-lived volatility.

Related Companies

TPGAMPS
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 concerns about whether the transaction reflects the company’s true valuation and long-term potential. Stockholders of Altus Power are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/AltusPowerInc About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.|Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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