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AMERICAN DG ENERGY BUYOUT ALERT - National Securities Law Firm Seeks Higher Price for American DG Energy Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information

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NEW YORK, Jan. 3, 2017 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of American DG Energy Inc. (NYSE: ADGE) ("American DG" or the "Company") on behalf of its shareholders. Tecogen Inc. and American DG announced that Tecogen will acquire all of the outstanding shares of American DG in a stock-for-stock merger. Each share of American DG common stock will be exchanged for 0.092 shares of Tecogen common stock.  Upon closing of the transaction, Tecogen shareholders are expected to own approximately 81% and American DG shareholders are expected to beneficially own approximately 19% of the combined company

The combined company will retain the Tecogen Inc. name and be led by Co-Chief Executive Officers John Hatsopoulos and Benjamin Locke.  John Hatsopoulos, is the co-founder, co-CEO, and director of both Tecogen and American DG.

Our investigation has determined that the offer price unfairly under-values the true going forward inherent value of American DG and that shareholders may not be receiving the maximum value for their shares.  Indeed, the book value per share of the Company is worth $0.39 per share, and the stock traded as high as $0.65 per share within the past year.  The investigation further seeks to determine whether John Hatsopoulos is entering into this deal for his own self-interests to the detriment of the Company's shareholders, and whether there is an inherent conflict of interest among the board of directors of the Company.

If you are a shareholder of American DG and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:

Tripp Levy PLLC
New York, New York 
Toll free: 800-511-7037 
International: 602-241-2841 
Email: contact@tripplevy.com 
www.tripplevy.com

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.

Attorney advertising.  Prior results do not indicate a similar outcome

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/american-dg-energy-buyout-alert---national-securities-law-firm-seeks-higher-price-for-american-dg-energy-shareholders-in-connection-with-proposed-buyout-and-encourages-shareholders-to-contact-law-firm-for-more-information-300384946.html

SOURCE Tripp Levy PLLC

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