Kaskela Law LLC Announces Investigation of ADTRAN, Inc. (ADTN) and Encourages ADTN Shareholders to Contact the Firm

Philadelphia, Pennsylvania--(Newsfile Corp. - November 1, 2021) - Kaskela Law LLC announces that it is investigating ADTRAN, Inc. (NASDAQ: ADTN) of behalf of the company's shareholders.

On August 30, 2021, ADTRAN announced that it had entered into an agreement to acquire ADVA. In connection with the proposed acquisition, ADTRAN has disclosed that it expects to make a public exchange offer to ADVA stockholders who would, as a result, own approximately 46% of the combined company. Following the announcement of the proposed transaction, shares of ADTRAN's common stock declined $4.06 per share, or over 16.5% in value, on unusually heavy trading volume.

The investigation seeks to determine whether the proposed transaction as structured is fair to ADTRAN and the company's stockholders, and whether stockholders are being provided with all material information necessary to evaluate and vote on the proposed transaction.

ADTRAN stockholders are encouraged to contact Kaskela Law (D. Seamus Kaskela, Esq.) at (484)( 258 - 1585 or (888) 715 - 1740, or via email at skaskela@kaskelalaw.com , to discuss this investigation and their legal rights and options. Additional information may also be found at https://kaskelalaw.com/cases/adtran-inc/.

Kaskela Law LLC exclusively represents stockholders in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:
D. Seamus Kaskela, Esq.

KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101648