VIASYSTEMS SHAREHOLDER ALERT: Proposed Sale of Viasystems Group Under Investigation by Johnson & Weaver, LLP in Connection with the Proposed Sale of the Company to TTM Technologies
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Viasystems Group, Inc. (NASDAQ:VIAS) breached their fiduciary duties in connection with the proposed sale of the Company to TTM Technologies.
Viasystems provides multi-layer printed circuit boards (PCBs) and electro-mechanical solutions worldwide.
On September 22, 2014, Viasystems announced it had signed a definitive agreement to be acquired by TTM. Under the terms of the agreement, Viasystems shareholders will receive a combined consideration of $11.33 in cash and 0.706 shares of TTM common stock, which based on the closing market price on September 19, 2014 was valued at $16.46 per Viasystems share, or approximately $368 million. The stock value is subject to change based on subsequent movements in TTM’s stock price.
The investigation concerns whether Viasystems’ board failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock.
If you are a shareholder of Viasystems and believe that the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
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