DALLAS--(BUSINESS WIRE)--
Kendall
Law Group, led by former federal judge Joe Kendall, is investigating
American Physicians Service Group (NASDAQ: AMPH) for shareholders in
connection with the proposed acquisition by ProAssurance Corporation.
The national securities firm’s investigation seeks to determine whether
AMPH and its Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide better
value for shareholders. If you are an AMPH shareholder and would like
additional information about your rights, contact the Kendall Law Group
at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 1, 2010 the companies announced that they have entered into
a definitive merger agreement under which AMPH would be acquired by
ProAssurance in a transaction valued at approximately $233 million.
Under the terms of the agreement, AMPH stockholders will receive $32.50
in cash for each share of AMPH common stock held. In addition, according
to Thompson/First Call, at least one analyst has set a price target of
$35.00 per share. Due to these factors, the firm believes the
transaction significantly undervalues the company.
Kendall Law Group was founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers who
are experienced in complex securities litigation. The firm has been
counsel in numerous merger and acquisition cases nationwide, including
some of the largest transactions in the United States.
Source: Kendall Law Group
Contact:
Kendall Law Group LLP
Scott Kendall, 214-744-3000
Toll Free:
877-744-3728
Facsimile: 214-744-3015
skendall@kendalllawgroup.com
www.kendalllawgroup.com