New York Metro Superlawyer, Lynda J. Grant, Investigates Air Methods for Potential Breaches of Fiduciary Duty
March 15 2017 - 9:00AM
Business Wire
Lynda J. Grant, an attorney with over 30 years of experience
representing wronged shareholders and consumers and a New York
Metro Superlawyer, announces that TheGrantLawFirm, PLLC is
investigating the proposed acquisition of Air Methods Corporation
(NASDAQ:AIRM) (“Air Methods” or the “Company”) by American
Securities, LLC (“American Securities”), in a going private
transaction for $43.00 per share (the “Merger”).
On March 14, 2017, Air Methods announced that it had entered
into an agreement and plan of merger to be acquired in a going
private transaction by an affiliate of American Securities, a
private equity firm, for $43.00 per share (the “Merger”). The
Merger is to be accomplished by way of a tender offer, which is set
to commence on March 28, 2017, and to be completed within
twenty-one (21) business days thereafter. The Merger was announced
shortly after Voce Capital Management LLC (“Voce Capital”), an
activist shareholder invested in the Company, sent the Board a
letter threatening to engage in a proxy fight, given what it
perceived as the Board’s mismanagement and its destruction of
shareholder value, leading to the Company’s “deep undervaluation”.
Among other things, Voce Capital asserted that the Board had no
credible plan to create stockholder value.
TheGrantLawFirm is presently investigating whether the Merger is
fair to the Company’s shareholders. If you are a shareholder of Air
Method and would like additional information regarding this matter,
please contact Lynda J. Grant at 212-292-4441 or
lgrant@grantfirm.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170315005269/en/
TheGrantLawFirm, PLLCLynda J. Grant,
212-292-4441lgrant@grantfirm.com
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