PR Newswire | Nov 3, 2020 09:33AM EST

Communications; Is $3 a Fair Price?

11/03 08:32 CST

(ALSK) Alert: Johnson Fistel Investigates Proposed Sale of Alaska Communications; Is $3 a Fair Price? SAN DIEGO, Nov. 3, 2020

SAN DIEGO, Nov. 3, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) ("Alaska Communications" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to Macquarie Capital ("Macquarie"), and GCM Grosvenor ("GCM").

On November 3, 2020, Alaska Communications announced that it had entered into a definitive merger agreement with Macquarie and GCM. Under the terms of the deal, Alaska Communications shareholders will receive $3.00 for each share of Alaska Communications they own.

The investigation concerns whether the Alaska Communications board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Alaska Communications shares of common stock.

If you are a shareholder of Alaska Communications and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP