| Stull, Stull & Brody Launches Investigation Into Possible Breaches of Fiduciary Duty by the Board of Directors of Fuel Systems Solutions, Inc. | |
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NEW YORK, Sept. 1, 2015 /PRNewswire/ -- Stull, Stull & Brody (www.ssbny.com) is investigating potential claims on behalf of shareholders of Fuel Systems Solutions, Inc. ("Fuel Systems" or the "Company") (FSYS) concerning whether the Company's Board of Directors breached its fiduciary duties in connection with the sale of the Company to Westport Innovations Inc. ("Westport") for approximately $351 million. The current investigation is focused upon whether the Company's Board of Directors breached its fiduciary duty to maximize value to the Company's shareholders and to act in shareholders' best interests, including whether the Board of Directors undertook an adequate sales process and disclosed all material information to the Company's shareholders. While the terms of the proposed transaction provide that the Company's shareholders will receive 2.129 Westport shares for each share of Fuel Systems common stock they own, an implied value to Fuel Systems shareholders of $7.54 per share, the acquisition premium is only 10% of the $29.52 closing price of August 31, 2015. Shareholders of Fuel Systems may contact Michael J. Klein, Esq. at Stull, Stull & Brody to discuss their rights in connection with the proposed transaction by calling 1-800-337-4983, extension 147, or by email at FSYS@ssbny.com. Stull, Stull & Brody has represented shareholders in merger litigation and other securities class actions for over 40 years and has obtained court approval of substantial settlements on numerous occasions. Attorney Advertising. Prior Results Do Not Guarantee a Similar Outcome. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stull-stull--brody-launches-investigation-into-possible-breaches-of-fiduciary-duty-by-the-board-of-directors-of-fuel-systems-solutions-inc-300136095.html
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Fuel Systems Solutions Inc.
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CODE : FSYS |
ISIN : US35952W1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fuel Systems is based in United states of america. Fuel Systems is listed in Germany and in United States of America. Its market capitalisation is US$ 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. |