SAN DIEGO, March 15, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Air Methods Corporation (NASDAQ: AIRM) breached their fiduciary duties in connection with the proposed sale of the Company to affiliates of American Securities LLC. Air Methods provides air medical emergency transport services and systems in the United States.
On March 14, 2017, Air Methods announced it had signed a definitive merger agreement with American Securities. Under the terms of the agreement, Air Methods stockholders will receive $43.00 per share in cash.
The investigation concerns whether the Air Methods board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Air Methods shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration; especially given that the price target for one Wall Street analyst is $50.00.
If you are a shareholder of Air Methods and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP