SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of ALLETE, Inc. (NYSE:ALE) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Canada Pension Plan Investment Board and Global Infrastructure Partners.
On May 6, 2024, ALLETE informed the public that it has agreed to a deal with Canada Pension Plan Investment Board and Global Infrastructure Partners, in which stockholders will receive $67.00 per share in an all-cash offer. Upon completion of the deal, ALLETE ...