NEW YORK, Jan. 10, 2014 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of American Pacific
Corporation ("AMPAC" or the "Company") (NASDAQ: APFC) (ISIN:
US0287401089) (CUSIP: 028740108) concerning the proposed
acquisition of AMPAC by H.I.G. Capital, LLC.
The investigation concerns whether the AMPAC directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, AMPAC shareholders will receive $46.50 per share in cash for each share of AMPAC
common stock. However, the Price to EBITDA and Net Income
multiples are below the average of comparable transactions.
In addition, AMPAC stock closed above the offer price within the
past three months.
AMPAC shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP
