Shareholders Foundation, Inc.

Takeover of LMI Aerospace, Inc. (NASDAQ:LMIA) Under Investigation for Investors

An investigation on behalf of investors of LMI Aerospace, Inc. (NASDAQ:LMIA) in connection with the proposed takeover was announced and NASDAQ:LMIA stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 02/24/2017 -- An investigation on behalf of investors, who currently hold NASDAQ:LMIA shares, was announced concerning whether the takeover of LMI Aerospace, Inc. by Sonaca Group for $14.00 per share is unfair.

Investors who purchased shares of LMI Aerospace, Inc. (NASDAQ:LMIA) and currently hold any of those NASDAQ:LMIA 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 LMI Aerospace, Inc. breached their fiduciary duties owed to NASDAQ:LMIA investors in connection with the proposed acquisition.

On February 16, 2017, LMI Aerospace, Inc. (NASDAQ:LMIA) has entered into a merger agreement to be acquired by Sonaca Group. Under the agreement, LMI Aerospace, Inc. (NASDAQ:LMIA) shareholders will receive $14 per share in an all-cash transaction.

However, the investigation concerns whether the offer is unfair to NASDAQ:LMIA stockholders. More specifically, the investigation concerns whether the LMI Aerospace 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 February 23, 2017, shares of LMI Aerospace, Inc. (NASDAQ:LMIA) closed at $13.68 per share.

Those who are current investors in LMI Aerospace, 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