An investigation on behalf of investors of American Science & Engineering, Inc. (NASDAQ:ASEI) in connection with the proposed takeover was announced and NASDAQ:ASEI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/27/2016 -- An investigation on behalf of investors, who currently hold NASDAQ:ASEI shares, was announced concerning whether the acquisition of Billerica, MA based American Science & Engineering by OSI Systems, Inc. for $37.00 per share is unfair to NASDAQ:ASEI stockholders.
Investors who purchased shares of American Science & Engineering, Inc. (NASDAQ:ASEI) and currently hold any of those NASDAQ:ASEI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of American Science & Engineering, Inc. breached their fiduciary duties owed to NASDAQ:ASEI investors in connection with the proposed acquisition.
On June 21, 2016, American Science & Engineering, Inc. announced that it has entered into an agreement to be acquired by OSI Systems, Inc. for $37.00 per share of American Science & Engineering, Inc. (NASDAQ:ASEI) common stock in an all-cash transaction, for a total transaction value of approximately $269 million.
However, given that NASDAQ:ASEI shares traded in the open market as recently as November 2015 as high as $44.24 per share, the investigation concerns whether the offer is unfair to NASDAQ:ASEI stockholders. More specifically, the investigation concerns whether the American Science & Engineering Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On June 24, 2016, shares of American Science & Engineering, Inc. (NASDAQ:ASEI) closed at $37.23 per share.
Those who are current investors in American Science & Engineering, Inc. shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com