When the management of AHL Services Inc. agreed in August 2003 to be acquired by an Atlanta private equity fund for about $118 million, the marketing company decided it needed a second opinion on whether the deal was fair to shareholders.
To get that second opinion, Arlington, Va.-based AHL formed a special committee from its board of directors and hired Kilpatrick Stockton partner David A. Stockton to advise the committee. The members of the new committee weren’t AHL employees and had no business relationship with the company. And they had no financial stake in the going-private transaction, the company said.
