Shareholder Alert: Ademi LLP investigates whether AstroNova, Inc. is obtaining a Fair Price for Public Shareholders

Ademi LLP is investigating AstroNova (NASDAQ: ALOT) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Arcline.

AstroNova shareholders will receive $29.00 per share in an all-cash transaction valued at approximately $272 million.

AstroNova insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for AstroNova by imposing a significant penalty if AstroNova accepts a competing bid.

We are investigating the conduct of the AstroNova board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.