| 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 $29.52 closing price of August 31, 2015. Shareholders of Fuel Systems may contact Michael J. Klein, Esq. at Stull, Stull & Brody to discuss their rights in connection with the proposed transaction by calling 1-800-337-4983, extension 147, or by email at FSYS@ssbny.com. Stull, Stull & Brody has represented shareholders in merger litigation and other securities class actions for over 40 years and has obtained court approval of substantial settlements on numerous occasions. Attorney Advertising. Prior Results Do Not Guarantee a Similar Outcome. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stull-stull--brody-launches-investigation-into-possible-breaches-of-fiduciary-duty-by-the-board-of-directors-of-fuel-systems-solutions-inc-300136095.html
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Fuel Systems Solutions Inc.
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CODE : FSYS |
ISIN : US35952W1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Fuel Systems est une société basée aux Etats-Unis D'Amerique. Fuel Systems est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 97,7 millions US$ (87,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2014 à 9,89 US$, et son plus bas niveau récent le 01 juin 2016 à 5,40 US$. Fuel Systems possède 18 090 000 actions en circulation. |