INVESTOR ALERT - VIASYSTEMS GROUP, INC. MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of Viasystems Group, Inc.
NEW YORK, Sept. 23, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of Viasystems Group, Inc. ("Viasystems" or the "Company") (NASDAQ: VIAS), concerning the proposed acquisition of Viasystems by TTM Technologies, Inc. ("TTM"). Shareholders of Viasystems seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or [email protected].
Under the terms of the definitive merger agreement, TTM will acquire all of the outstanding common shares of Viasystems for $11.33 in cash per share and 0.706 shares of TTM common stock per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Viasystems for not acting in the Company's shareholders' best interests in connection with the sale process. Indeed, based on TTM's closing stock price on September 19, 2014, the proposed deal would provide implied value to Viasystems stockholders of only $16.46 per share. This implied offer price is below the 52-week trading high of Viasystems common stock of $16.79 per share.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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