NEW YORK--(BUSINESS WIRE)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of American
Physicians Service Group, Inc. (“American Physicians” or the “Company”)
(NasdaqCM: AMPH) for potential breaches of fiduciary duty in connection
with their conduct related to the sale of the Company to ProAssurance
Corporation (NYSE: PRA). The proposed transaction offers American
Physicians shareholders to only receive $32.50 in cash for each share
they own. According to Thomson/First
Call, at least one financial analyst values American Physicians’
common stock at $35.00 per share.
Whether the American Physicians’ Board of Directors breached their
fiduciary duties to American Physicians’ stockholders by failing to
conduct an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed transaction
undervalues American Physicians shares and by how much this proposed
transaction undervalues the Company to the detriment of American
Physicians shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, through all
phases of litigation. The firm has an experienced trial team which has
achieved significant victories on behalf of the firm’s clients.
If you own common stock in American Physicians and wish to obtain
additional information, please visit us at www.faruqilaw.com/americanphysicians
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Source: Faruqi & Faruqi, LLP
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330