Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of America Service Group Inc. - ASGR
04 Marzo 2011 - 2:32PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of America Service Group Inc. (“America Service Group” or
the “Company”) (NasdaqGS: ASGR) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to a privately held Valitas Health Services Inc. for
approximately $250 million in cash. Under the terms of the proposed
transaction, shareholders of America Service Group will receive
only $26 a share.
Request more information now by clicking here:
www.faruqilaw.com/ASGR
Whether the America Service Group’s Board of Directors breached
their fiduciary duties to America Service Group’s stockholders by
failing to conduct an adequate and fair sales process to sell the
Company prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues America Service Group’s shares and
by how much this proposed transaction undervalues the Company to
the detriment of America Service Group shareholders are the key
focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in America Service Group and wish to
obtain additional information, please visit us at
www.faruqilaw.com/ASGR or contact Juan E. Monteverde, Esq. either
via e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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