SAN DIEGO, Feb. 29, 2024 (GLOBE NEWSWIRE) --
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Sterling Check (NASDAQ: STER) breached their fiduciary duties in connection with the proposed sale of the Company to First Advantage (NASDAQ: FA).
You can click or copy and paste the following link to join this investigation:
Click Here to Join the Investigation
On February 29, 2024, Sterling Check announced that it had entered a deal to merge with First Advantage. Under the terms of the deal, Sterling Check shareholders will elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock for each Sterling Check share.
The investigation concerns whether the Sterling Check 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 Sterling Check shares of common stock. Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration.
If you are a shareholder in Sterling Check. 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.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. 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 http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
