Kendall Law Group, led by former federal judge Joe Kendall, is investigating American Physicians Service Group (NASDAQ: AMPH) for shareholders in connection with the proposed acquisition by ProAssurance Corporation. The national securities firm’s investigation seeks to determine whether AMPH and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an AMPH shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On September 1, 2010 the companies announced that they have entered into a definitive merger agreement under which AMPH would be acquired by ProAssurance in a transaction valued at approximately $233 million. Under the terms of the agreement, AMPH stockholders will receive $32.50 in cash for each share of AMPH common stock held. In addition, according to Thompson/First Call, at least one analyst has set a price target of $35.00 per share. Due to these factors, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.