Shareholder Alert: Ademi LLP investigates whether Haynes International, Inc. has obtained a Fair Price in its transaction with Acerinox

MILWAUKEE, Feb. 8, 2024 /PRNewswire/ -- Ademi LLP is investigating Haynes (NASDAQ GM:HAYN)  for possible breaches of fiduciary duty and other violations of law in its transaction with Acerinox.

Click here to learn how to join the https://www.ademilaw.com/case/haynes-international-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, Haynes shareholders will receive only $$61.00 per share in an all-cash transaction valuing the Company at an enterprise value of approximately $970 million. The transaction agreement unreasonably limits competing transactions for Haynes by imposing a significant penalty if Haynes accepts a competing bid. Haynes insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Haynes's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Haynes common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/haynes-international-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP