Ryan & Maniskas, LLP ( www.rmclasslaw.com/cases/asgr) is investigating potential claims against the board of directors of America Service Group Inc. ("America Service Group" or the "Company") (NASDAQ: ASGR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell America Service Group to Valitás Health Services, Inc. in a transaction with a value of approximately $250 million. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of America Service Group. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/asgr. Under the terms of the definitive agreement, America Service Group shareholders will receive $26.00 in cash for each share they own of the Company’s stock. If you own shares of America Service Group and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/asgr. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
The ex-dividend date for America Service Group (Nasdaq:ASGR) is tomorrow, March 18, 2011. Owners of shares as of market close today will be eligible for a dividend of six cents per share. At a price of $25.73 as of 9:30 a.m., the dividend yield is 0.9%.
Shares of America Service Group (Nasdaq:ASGR) have taken a tremendous swing upward. The stock is trading at $25.78 as of 9:31 a.m. ET, 47.4% above Wednesday's closing price of $17.49. Volume is at 13,193, 0.4 times the daily average of 32,200.
Gregg Greenberg breaks down today's market action. Guests include Bob Millen, portfolio manager for the Jensen Fund, David Joy, chief strategist at Columbia Management and Michael Corbett, portfolio manager for the Perritt Emerging Opportunities Fund.