Bulletin
Investor Alert

press release

March 3, 2021, 11:29 a.m. EST

Michaels Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of the Michaels Companies, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MIK

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of The Michaels Companies, Inc. /zigman2/quotes/207984083/composite MIK -0.14% to funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) for $22.00 per share in cash is fair to Michaels shareholders.

Halper Sadeh encourages Michaels shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com .

The investigation concerns whether Michaels and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Michaels shareholders; (2) determine whether Apollo is underpaying for Michaels; and (3) disclose all material information necessary for Michaels shareholders to adequately assess and value the merger consideration. On behalf of Michaels shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Michaels shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com .

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005757/en/

SOURCE: Halper Sadeh LLP

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

COMTEX_382073471/2456/2021-03-03T11:29:02

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright Business Wire 2021

/zigman2/quotes/207984083/composite
US : U.S.: Nasdaq
$ 21.97
-0.03 -0.14%
Volume: 0.00
April 14, 2021 4:00p
P/E Ratio
11.11
Dividend Yield
N/A
Market Cap
$3.11 billion
Rev. per Employee
$117,136
loading...

Comtex

Partner Center

Link to MarketWatch's Slice.