Fuel Systems Solutions Inc.

Published : September 01st, 2015

Kendall Law Group Investigates Whether Fuel ...

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Keywords :   Judge | K Street | Wall Street |

Kendall Law Group Investigates Whether Fuel Systems Solutions, Inc. Obtained a Fair Price in Sale to Westport

DALLAS--(BUSINESS WIRE)--

Kendall Law Group, led by former federal Judge Joe Kendall, is investigating Fuel Systems Solutions, Inc. (Nasdaq: FSYS) and its Board of Directors on behalf of shareholders in connection with the proposed sale to Westport (Nasdaq: WPRT). Pursuant to the terms of the agreement, Westport will acquire all of the outstanding shares of Fuel Systems common stock in a stock-for-stock transaction. Fuel Systems shareholders will receive 2.129 Westport shares for each share of Fuel Systems common stock they own at closing. This agreement only represents a 10% premium to Fuel Systems shareholders based on the closing prices of Westport’s and Fuel Systems’ shares on August 31, 2015; an implied value of $7.54 per share for Fuel Systems shareholders.

The Kendall Law Group is investigating to determine whether the transaction substantially undervalues Fuel Systems because at least one Wall Street financial analyst believes Fuel Systems has a price target of $11 per share, and the consensus analyst price target is $9.38.

The national securities firm’s investigation seeks to determine whether Fuel Systems and its Board breached their fiduciary duties by failing to fulfill its fiduciary duties, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for Fuel Systems shareholders.

If you currently own shares of Fuel Systems and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at jmckey@kendalllawgroup.com to learn more about your rights as a shareholder. There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors, and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Read the rest of the article at finance.yahoo.com

Fuel Systems Solutions Inc.

CODE : FSYS
ISIN : US35952W1036
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Fuel Systems is based in United states of america.

Fuel Systems is listed in Germany and in United States of America. Its market capitalisation is US$ 97.7 millions as of today (€ 87.1 millions).

Its stock quote reached its highest recent level on June 06, 2014 at US$ 9.89, and its lowest recent point on June 01, 2016 at US$ 5.40.

Fuel Systems has 18 090 000 shares outstanding.

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