Jul. 17 at 8:12 PM
$ATAI AtaiBeckley Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of AtaiBeckley Inc. - ATAI
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of AtaiBeckley ( ATAI ) Inc. (NasdaqGM: ATAI) to Eli Lilly and Company ( LLY ) . Under the terms of the proposed transaction, shareholders of AtaiBeckley ( ATAI ) will receive
$6.75 per share in cash, plus up to
$2.50 per share in the form of a Contingent Value Right entitling the holder to additional cash payments upon achievement of specified development and regulatory milestones related to the BPL-003 and VLS-01 programs. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.