Morgan & Morgan Announces the Investigation of American Pacific Corporation APFC
NEW YORK, Feb. 1, 2014 Morgan & Morgan announces that it is
investigating the Board of Directors of American Pacific Corporation ("American Pacific" or the "Company") (
) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to H.I.G. Capital, LLC in a cash deal valued at approximately $392 million. Under the terms of the proposed transaction, American Pacific's stockholders will receive $46.50 for each share of American Pacific common stock they own. As recently as three months ago, American Pacific traded at $60 per share.
If you own shares of American Pacific Corporation and want more information about the American Pacific Takeover Investigation please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by American Pacific's Board of Directors for not acting in the best interest of the Company's shareholders' in connection with the sale process.
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SOURCE Morgan & Morgan