ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of ALLETE, Inc.

NEW YORK, May 6, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by ALLETE, Inc. (NYSE: ALE) and its board of directors concerning the proposed acquisition of the company by Canada Pension Plan Investment Board and Global Infrastructure Partners. Stockholders will receive $67.00 for each share of ALLETE stock that they hold. The transaction is valued at approximately $6.2 billion and is expected to close in mid-2025.

If you are a stockholder of ALLETE, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/ale/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at info@rowleylawpllc.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).

Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.

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SOURCE Rowley Law PLLC