San Diego, CA -- (SBWire) -- 03/31/2017 --The takeover of Air Methods Corp is under investigation over possible wrongdoing. The investigation was announced on behalf of investors, who currently hold shares of Air Methods Corp (NASDAQ:AIRM) concerning whether the takeover of Air Methods Corp. by American Securities LLC for $43.00 per share is unfair to NASDAQ:AIRM stockholders.
Investors who purchased shares of Air Methods Corp (NASDAQ:AIRM) and currently hold any of those NASDAQ:AIRM 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 directors of Air Methods Corp breached their fiduciary duties owed to NASDAQ:AIRM investors in connection with the proposed acquisition.
On March 14, 2017, Air Methods Corp (NASDAQ:AIRM) announced that it has entered into an agreement to be acquired by affiliates of American Securities LLC. Under the terms of the agreement, affiliates of American Securities LLC will acquire all outstanding shares of Air Methods Corp (NASDAQ:AIRM) for $43.00 per share in cash.
However, given that at least one analyst has set the high target price for NASDAQ:AIRM shares at $47.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:AIRM stockholders. More specifically, the investigation concerns whether the Air Methods 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.
Shares of Air Methods Corp (NASDAQ:AIRM) closed on March 30, 2017 at $42.95 per share.
Those who are current investors in Air Methods Corp 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
Acquisition of Air Methods Corp (NASDAQ:AIRM) Under Investigation for Investors
An investigation on behalf of investors of Air Methods Corp (NASDAQ:AIRM) in connection with the proposed takeover was announced and NASDAQ:AIRM stockholders should contact the Shareholders Foundation.