Rigrodsky & Long, P.A. Announces Investigation of American Medical Alert Corp.
23 Settembre 2011 - 9:40PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of American Medical
Alert Corp. (“AMAC” or the “Company”) (Nasdaq: AMAC) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company’s entry into an agreement to be acquired by
Tunstall Healthcare Group Limited (“Tunstall”) in a transaction
with an approximate value of $82.3 million.
Click here to learn more and how to join the action:
http://investigations.rigrodskylong.com/americanmedicalalertcorp-amac/.
Under the proposed agreement, AMAC shareholders will receive
$8.55 per share in cash for every share of AMAC common stock they
hold plus one Contingent Payment Right (CPR) per share providing a
contingent cash payment for the holder of such common share in the
event of a sale of AMAC’s interests in the Lifecomm joint venture
or prior sale of Tunstall under certain conditions.
The investigation concerns whether AMAC’s board of directors
adequately shopped the Company to obtain the best price possible
for AMAC’s shareholders before entering into the agreement with
Tunstall. Indeed, in conjunction with the acquisition, directors
and officers of AMAC, holding approximately 26% of the outstanding
common shares of AMAC, have agreed to vote in favor of the
transaction.
If you own the common stock of AMAC and purchased your shares
before September 22, 2011, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development
Director, of Rigrodsky & Long, P.A., 919 N. Market Street,
Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or
by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Grafico Azioni American Medical Alert (NASDAQ:AMAC)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni American Medical Alert (NASDAQ:AMAC)
Storico
Da Dic 2023 a Dic 2024
