NEW YORK, Sept. 23, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Arotech Corporation
("Arotech" or the "Company") (NASDAQ: ARTX) in connection with the
proposed acquisition of the Company by an affiliate of Greenbriar
Equity Group, L.P. ("Greenbriar Equity). Under the terms
of the acquisition agreement, ARTX shareholders will receive
$3.00 per share in cash.
If you own ARTX shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/arotech-corporation/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Arotech's Board acted to
maximize shareholder value prior to entering into the acquisition
agreement. Specifically, GreenBriar's offer price is less
than Arotech's 52-week high of $3.66. Additionally, Arotech earned
$23.27 million for the most recent
quarter, exceeding analyst expectations of $21.58 million.
WeissLaw is concentrating its investigation on whether the
acquisition enhances shareholder value. Notably, one analyst
has recently upgraded Arotech to buy, while another issued a
12-month target price of $4.50 for
the Company and rated it a Strong Buy.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP