SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of American Science & Engineering, Inc. And...
21 Junho 2016 - 3:55PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of American Science and Engineering,
Inc. (NASDAQ: ASEI) (“American Science” or the “Company”) relating
to the proposed buyout of American Science by OSI Systems, Inc.
Under the terms of the agreement, American Science shareholders
are anticipated to receive $37.00 in cash for each share of
American Science common stock held. The firm’s investigation seeks
to determine, among other things, whether the Company’s Board of
Directors failed to satisfy their duties to shareholders, including
whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company’s shares of common stock. The transaction may
undervalue the Company and would result in no real gain or a loss
for many long-term American Science shareholders, especially given
that the Company’s 52-week high was $46.46.
If you currently own common stock of American Science and
believe that the proposed buyout price is too low, or you would
like to learn more about the investigation being conducted by
Brower Piven, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621006445/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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