An investigation for investors in NASDAQ:LMIA shares was announced concerning the acquisition of LMI Aerospace, Inc. by Sonaca Group for $14.00 per share.
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 +1(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. 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 March 2, 2017, shares of LMI Aerospace, Inc. (NASDAQ:LMIA) closed at $13.83 per share.
Those who are current investors in NASDAQ:LMIA 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
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