Wohl & Fruchter investigates sale of Universal Stainless to Aperam over shareholder concerns

Wohl & Fruchter LLP is investigating the proposed sale of Universal Stainless & Alloy Products to Aperam for $45.00 per share. Shareholders have expressed disappointment with the sale price, claiming it undervalues the company. The investigation focuses on whether Universal's Board of Directors acted in the best interests of shareholders. Concerns include the fairness of the sale price and the completeness of information disclosed about the transaction. Universal announced the sale agreement on October 17, 2024. Shareholders have raised questions about the valuation compared to industry standards and future growth potential.