PR Newswire | Dec 21, 2020 02:16AM EST

Inc. has obtained a Fair Price in its transaction with Lockheed Martin Corporation

12/21 01:16 CST

Shareholder Alert: Ademi LLP Investigates whether Aerojet Rocketdyne Holdings, Inc. has obtained a Fair Price in its transaction with Lockheed Martin Corporation MILWAUKEE, Wis., Dec. 21, 2020

MILWAUKEE, Wis., Dec. 21, 2020 /PRNewswire/ -- Ademi LLP is investigating Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for possible breaches of fiduciary duty and other violations of the law in its transaction with Lockheed Martin.

Click here to learn how to join the action: http://ademilaw.com/case/aerojet-rocketdyne-holdings-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges Aerojet Rocketdyne's financial outlook is improving and yet Aerojet Rocketdyne shareholders will receive only $56 per share in an all-cash deal with a total equity value of approximately $5.0 billion. The merger agreement unreasonably limits competing bids for Aerojet Rocketdyne by prohibiting solicitation of further bids, and imposing a termination penalty if Aerojet Rocketdyne accepts a superior bid. Aerojet Rocketdyne insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Aerojet Rocketdyne's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Aerojet Rocketdyne.

If you own Aerojet Rocketdyne common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/aerojet-rocketdyne-holdings-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 LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001

View original content: http://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-aerojet-rocketdyne-holdings-inc-has-obtained-a-fair-price-in-its-transaction-with-lockheed-martin-corporation-301196562.html

SOURCE Ademi LLP