Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, March 4, 2016
Faruqi & Faruqi Investigation: API Technologies Corp.
The Company’s stockholders will only receive $2 for each share of Company common stock they own. However, this consideration is below both at least one analyst’s price target of $3.75 per share and the 52-week high of $2.65 per share.
The investigation focuses on whether API’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of API’s shareholders.