VIASYSTEMS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Viasystems Group, Inc. (VIAS) over the Proposed Sale of the Company to TTM Technologies, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Viasystems Group Inc.(“Viasystems” or the “Company”) (Nasdaq:VIAS) for potential breaches of fiduciary duties in connection with the sale of the Company to TTM Technologies, Inc. (“TTM”) (NasdaqGS:TTMI) for approximately $927 Million, including the assumption of Viasystems’ debt by TTM. The Company’s stockholders will receive $11.33 in cash and .706 shares of TTM common stock for each share of Viasystems common stock they own, a combined consideration that amounts to $16.46 per share. The deal value is subject to change based on TTM’s stock price.
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The investigation focuses on whether Viasystems’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Viasystems’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Viasystems and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/VIAS or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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