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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Shareholder Alert: Robbins LLP Announces Acquisition of PAE Incorporated (PAE) by Amentum Government Services LLC May Not Be in Shareholders’ Best Interests

October 27, 2021 GMT

SAN DIEGO & FALLS CHURCH, Va.--(BUSINESS WIRE)--Oct 27, 2021--

Robbins LLP announces that it is investigating the acquisition of PAE Incorporated (NASDAQ: PAE) by Amentum Government Services LLC. Under the terms of the agreement, PAE stockholders will receive $10.15 in cash for each share of PAE common stock owned.

If you own shares of PAE Incorporated, click here.

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Is the Proposed Acquisition Best for PAE Incorporated (PAE) and Its Shareholders?

According to the Proxy Statement, PAE’s board approved a merger agreement with Amentum in which PAE will become a wholly owned subsidiary of Amentum. The deal is valued at approximately $1.9 billion and is expected to close in the first quarter of 2022. Robbins LLP is concerned that PAE’s board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders.

PAE Incorporated (PAE) Shareholders Have Legal Options. If you own shares of PAE Incorporated, contact us to learn more about your legal rights.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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

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View source version on businesswire.com:https://www.businesswire.com/news/home/20211027006167/en/

CONTACT: Aaron Dumas

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

adumas@robbinsllp.com

(800) 350-6003

www.robbinsllp.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA VIRGINIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Robbins LLP

Copyright Business Wire 2021.

PUB: 10/27/2021 05:56 PM/DISC: 10/27/2021 05:56 PM

http://www.businesswire.com/news/home/20211027006167/en