SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Viasystems Group, Inc. And Encourages Investors To Contact The Firm For Additional Information
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Viasystems Group, Inc. (“Viasystems” or the “Company”) (Nasdaq: VIAS) relating to the proposed buyout of the Company by TTM Technologies Group, Inc. (“TTM”).
Under the terms of the transaction, Viasystems shareholders are anticipated to receive $11.33 per share in cash and 0.706 shares of TTM stock for each share of Viasystems stock owned. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether TTM is underpaying for Viasystems shares. In particular, based on TTM’s closing stock price on September 19, 2014, the proposed deal would provide implied value to Viasystems stockholders of only $16.46 per share. This implied offer price is below the 52-week trading high of Viasystems common stock of $16.79 per share.
If you currently own common stock of Viasystems and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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