An investor, who currently holds NASDAQ:AIRM shares, filed a lawsuit in effort to halt the proposed acquisition of Air Methods Corp..
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 email@example.com or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:AIRM stockholders by agreeing to sell Air Methods Corp too cheaply via an unfair process to affiliates of American Securities LLC
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, plaintiff claims that the proposed consideration NASDAQ:AIRM shareholders will receive is grossly inadequate and undervalues Air Methods Corp. Indeed, at least one analyst has set the high target price for NASDAQ:AIRM shares at $47.00 per share. In addition, the plaintiff alleges that the process is also unfair NASDAQ:AIRM stockholders.
Shares of Air Methods Corp (NASDAQ:AIRM) closed on April 13, 2017 at $43.05 per share.
Those who are current investors in NASDAQ:AIRM shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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