Ademi LLP is investigating Atrion (Nasdaq: ATRI) for possible breaches of fiduciary duty and other violations of law in its transaction with its majority shareholder Nordson.
In the transaction, Atrion’s stockholders receive $460.00 per share in cash for each share of Atrion common stock they own. Atrion insiders receive substantial benefits as part of change of control arrangements and Atrion’s board is not likely to have been independent in its negotiation of the transaction given Sun’s majority position.
We are investigating the conduct of Atrion’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.