STERLING CHECK CORP. INVESTOR NOTICE: Kaskela Law LLC Announces Investigation of Sterling Check Corp. (NASDAQ: STER) and Encourages Investors to Contact the Firm
SterlingSterling(US:STER) prnewswire.com·2024-05-30 10:00

On February 29, 2024, Sterling announced that it had agreed to be acquired by First Advantage Corp. ("First Advantage"). Under the terms of the proposed agreement, Sterling stockholders are expected to receive either: (i) $16.73 per share in cash or (ii) 0.979 shares of First Advantage common stock for each Sterling share they own. Although the press release disclosing the proposed transaction reported that "[t]he $16.73 per share consideration represents a premium of 35% to Sterling's closing price of $12. ...