BUYOUT OF AMERICAN PACIFIC - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
NEW YORK---Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, is investigating the Board of Directors of American Pacific Corporation (“American Pacific” or “the Company”) (NasdaqGS: APFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to H.I.G. Capital, LLC.
Under the terms of the transaction, American Pacific shareholders will receive $46.50 for each share of American Pacific stock they own. The investigation concerns whether the American Pacific Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether H.I.G. Capital, LLC is underpaying for American Pacific shares. In particular, American Pacific shares traded above the offer price as recently as October 28, 2013.
If you own American Pacific common stock and wish to obtain additional information, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy PLLC has extensive experience in mergers and takeovers and has assisted in the recovery of hundreds of millions of dollars for shareholders. Attorney advertising, Prior results do not indicate a similar outcome.