Shareholder Alert: Ademi LLP investigates whether BEST Inc. has obtained a Fair Price for its Public Shareholders

MILWAUKEE, June 21, 2024 /PRNewswire/ -- Ademi LLP is investigating BEST (NYSE: BEST) for possible violations of law in its transaction with its majority control shareholder Shao-Ning Johnny Chou, the chief executive officer and chairman of the board of directors of BEST.

Click here to learn how to join the https://www.ademilaw.com/case/best-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, BEST shareholders will receive $2.88 in cash per ADS without interest, and each Class A Share issued and outstanding, other than the Excluded Shares, the Dissenting Shares (as defined in the Merger Agreement) and Shares represented by ADSs, will be cancelled and cease to exist in exchange for the right to receive $0.144 in cash per Share without interest. BEST insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of BEST's board of directors, and whether they are fulfilling their duties to all shareholders and conducting the transaction properly.

If you own BEST common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/best-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                   
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP