The Law Office Of Abe Shainberg Announces An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of American Physicians Service Group Inc. In Connection With Sale To ProAssurance Corporation - AMPH
The Law Office of Abe Shainberg is investigating the Board of Directors of American Physicians Service Group Inc. (NasdaqCM: AMPH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ProAssurance Corporation (NYSE: PRA). Under the terms of the deal, AMPH shareholders will receive $32.50 in cash per share for a total transaction value of approximately $221 million.
The investigation concerns whether the AMPH Board of Directors breached their fiduciary duties to AMPH stockholders by failing to adequately shop the Company before entering into this transaction and whether ProAssurance is underpaying for AMPH shares. At least one analyst set a price target for AMPH stock at $35.00 per share.
If you own common stock in AMPH and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/american-physicians-amph.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.
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