Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Flow International Corporation (“Flow” or the “Company”) (NASDAQ:FLOW) related to the proposed acquisition of the Company by American Industrial Partners. The transaction is valued in excess of $200 million, and under the terms of the deal shareholders of the Company will receive $4.05 in cash for each share of Flow common stock owned.
This investigation concerns whether the Board of Directors of Flow breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $2.93 on November 16, 2012 to $3.73 on September 24, 2013.
If you are a shareholder of Flow, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020; by telephone at (215) 638-4847, Toll Free at (888) 638-4847; or by email to firstname.lastname@example.org; or visit our website at http://www.howardsmithlaw.com.