An investigation on behalf of investors in Jinpan International Limited (NASDAQ:JST) shares over the proposed takeover was announced and NASDAQ:JST stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/04/2016 -- An investigation for shareholders in Jinpan International Limited (NASDAQ:JST) was announced concerning the acquisition of Jinpan International Limited for $6.00 per share.
Investors who purchased shares of Jinpan International Limited (NASDAQ:JST) and currently hold any of those NASDAQ:JST shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Jinpan International Limited breached their fiduciary duties owed to NASDAQ:JST investors in connection with the proposed acquisition.
On January 25, 2016, Jinpan International Limited announced that it has entered into an Agreement and Plan of Merger with FNOF E&M Investment Limited and Silkwings Limited, a wholly owned subsidiary of FNOF E&M Investment Limited, pursuant to which FNOF E&M Investment Limited will acquire Jinpan International Limited for US$6.00 per common share of Jinpan International Limited.
However, given that at least one analyst has set the high target price for NASDAQ:JST shares at $8.50 per share, the investigation concerns whether the offer is unfair to NASDAQ:JST stockholders. More specifically, the investigation concerns whether the Jinpan International 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 Jinpan International Limited (NASDAQ:JST) closed on March 2, 2016 ay $5.70 per share.
Those who are current investors in Jinpan International Limited shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego