NEW YORK, July 16, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Tower
International, Inc. ("TOWR" or the "Company") (NYSE: TOWR) in
connection with the proposed acquisition of the Company by
Autokiniton Global Group ("AGG"). Under the terms of the
agreement, TOWR shareholders will receive $31.00 in cash for each TOWR share they
own.
If you own TOWR shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/tower-international-inc/
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WeissLaw is investigating whether TOWR's Board acted to
maximize shareholder value prior to entering into the merger
agreement. Notably, according to AGG's CEO, "[t]he
acquisition [TOWR] will significantly enhance AGG's position as a
leading North American manufacturer of metal formed components for
the automotive industry." In addition, at least one analyst
set a target price of $40.00 per TOWR
share, or $9.00 above the per-share
offer price.
Given these facts, WeissLaw is concentrating its investigation
on whether the merger enhances TOWR shareholder value.
Specifically, WeissLaw is concerned whether TOWR's Board conducted
a fair process in agreeing to the proposed merger, whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP