Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of America Service Group Inc., in Connection...
03 Marzo 2011 - 6:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
America Service Group Inc. (“America Service Group” or the
“Company”) (NASDAQ:ASGR) related to the Company’s agreement to be
acquired by Valitás Health Services, Inc. The proposed transaction
is valued at approximately $250 million.
Under the terms of the agreement and plan of merger entered into
by the parties, America Service Group shareholders will receive
$26.00 in cash for each share they own of the Company’s stock. The
board of directors of America Service Group has unanimously
approved the merger agreement. The transaction is expected to be
completed in the second quarter of 2011. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by America Service
Group’s board of directors.
If you are a shareholder of America Service Group, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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