NEW YORK, July 16, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Tower International, Inc. ("TOWR" or the "Company") (TOWR) in connection with the proposed acquisition of the Company by Autokiniton Global Group ("AGG"). Under the terms of the agreement, TOWR shareholders will receive $31.00 in cash for each TOWR share they own.
If you own TOWR shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
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New York, NY 10036
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WeissLaw is investigating whether TOWR's Board acted to maximize shareholder value prior to entering into the merger agreement. Notably, according to AGG's CEO, "[t]he acquisition [TOWR] will significantly enhance AGG's position as a leading North American manufacturer of metal formed components for the automotive industry." In addition, at least one analyst set a target price of $40.00 per TOWR share, or $9.00 above the per-share offer price.
Given these facts, WeissLaw is concentrating its investigation on whether the merger enhances TOWR shareholder value. Specifically, WeissLaw is concerned whether TOWR's Board conducted a fair process in agreeing to the proposed merger, whether the proposed merger undervalues the Company, and whether all material information related to the proposed merger is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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