Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ALLETE, Inc. (NYSE: ALE) to Canada Pension Plan Investment Board ("CPP") and Global Infrastructure Partners ("GIP") for $67.00 per share in cash is fair to ALLETE shareholders.

Halper Sadeh encourages ALLETE shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether ALLETE and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for ALLETE shareholders; (2) determine whether CPP and GIP are underpaying for ALLETE; and (3) disclose all material information necessary for ALLETE shareholders to adequately assess and value the merger consideration.

On behalf of ALLETE shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240506808412/en/

SOURCE: Halper Sadeh LLC

<img alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240506808412r1&sid=cmtx6&distro=nx&lang=en" style="width:0;height:0" />

Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com 
zhalper@halpersadeh.com 
https://www.halpersadeh.com

COMTEX_451957556/1006/2024-05-06T08:08:00