NEW YORK, July 20, 2020 /PRNewswire/ -- URGENT:
SHAREHOLDER VOTE AUGUST 6,
2020
WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the board of
directors of AgroFresh Solutions, Inc. ("AGFS" or the "Company")
(NASDAQ: AGFS) in connection with the Company's June 13, 2020 investment agreement with an
affiliate of Paine Schwartz Partners LLC ("Paine Schwartz").
Under the terms of the investment agreement, Paine Schwartz
will purchase $150 million of the
Company's new convertible preferred stock. Paine Schwartz's
preferred stock investment carries an eye-popping 16% dividend
(with a minimum 8% payable in cash), and will result in Paine
Schwartz controlling approximately 36% of AGFS's common
shares.
If you own AGFS shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/agrofresh-solutions-inc/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether AGFS's board is truly
independent and was acting in the best interest of AGFS's common
stockholders by agreeing to the preferred share issuance , and
whether all material information is fully and fairly disclosed in
AGFS's July 6, 2020 definitive proxy
statement. These issues deserve heightened scrutiny given the
rich return on investment and virtual controlling interest in AGFS
that the share issuance delivers to Paine Schwartz.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP