Robbins Umeda LLP Is Investigating America Service Group Inc. Acquisition for Shareholders
03 Marzo 2011 - 9:55AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
investigating possible breaches of fiduciary duty and other
violations of state law by members of the board of directors of
America Service Group Inc. (NASDAQ:ASGR) in connection with their
efforts to sell America Service Group to Valitas Health Services,
Inc.
On March 3, 2011, America Service Group and Valitas Health
Services announced that they have signed an agreement and plan of
merger under which Valitas will acquire all of the outstanding
shares of America Service Group for cash consideration of $26.00
per share. The transaction is expected to close in the second
quarter of 2011.
The investigation seeks to determine whether America Service
Group’s board of directors undertook a fair process to obtain
maximum value for its shareholders, or whether they placed their
own interests ahead of shareholders. Notably, Richard Hallworth,
America Service Group’s Chief Executive Officer, and Michael
Taylor, America Service Group’s Executive Vice President and Chief
Financial Officer, will continue in these positions at the combined
company
If you own stock in America Service Group and would like more
information about your rights as a shareholder, please contact
attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at
info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights attorneys.
Robbins Umeda LLP has helped its clients realize more than $1
billion of value for themselves and the companies in which they
have invested. For more information, please go to
http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/america-service-group-inc/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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