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Andatee China Marine Fuel Services Corporation Message Board

  • mnski36 mnski36 Nov 29, 2011 4:02 PM Flag

    MANAGEMENT BUYOUT - SHAREHOLDER LAWSUIT

     

    FYI.....in case anyone else is interested

    NEW YORK, Nov. 28, 2011 -- Tripp Levy PLLC is investigating the Board of Directors of Andatee China Marine Fuel Services Corporation ("Andatee" or the "Company") (NASDAQ: AMCF) for possible breaches of fiduciary duty and other violations of state law in connection with a proposal from its Chief Executive Officer and majority shareholder, An Fengbin, to acquire the remaining shares of the Company he does not currently own for $4.21 per share.


    The investigation concerns, among other things, whether the consideration to be paid to Andatee shareholders is unfair, inadequate, and substantially below the fair or inherent value of Andatee. In particular, at least one analyst set a price target of $7.00 per share of Andatee stock.

    If you own common stock in Andatee and wish to obtain additional information, please contact us at 877-772-3975 or email at contact@tripplevy.com

    This topic is deleted.
 
AMCF
3.48+0.30(+9.43%)Sep 18 3:59 PMEDT

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