The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of America Se...
07 Marzo 2011 - 11:16AM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of America Service Group, Inc. (Nasdaq: ASGR) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the company to Valitas Health
Services, Inc. Under the terms of the agreement, America Service
Group stockholders will receive $26 in cash per share for a total
transaction value of approximately $250 million.
The investigation concerns whether the America Service Group
Board of Directors breached their fiduciary duties to America
Service Group stockholders by failing to adequately shop the
Company before entering into this transaction and whether Valitas
is underpaying for America Service Group shares. Rich Hallworth,
President and Chief Executive of American Service Group, will serve
as the Chief Executive of the combined company.
If you own common stock in America Service Group and wish to
obtain additional information, please contact Vincent Wong, Esq.
either via email vw@wongesq.com, by telephone at 212.584.2740, or
visit http://www.wongesq.com/americaservice-asgr.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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