NEW YORK--(BUSINESS WIRE)--
The Law Office of Abe Shainberg is investigating the Board of Directors
of American Physicians Service Group Inc. (NasdaqCM: AMPH) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to ProAssurance Corporation
(NYSE: PRA). Under the terms of the deal, AMPH shareholders will receive
$32.50 in cash per share for a total transaction value of approximately
$221 million.
The investigation concerns whether the AMPH Board of Directors breached
their fiduciary duties to AMPH stockholders by failing to adequately
shop the Company before entering into this transaction and whether
ProAssurance is underpaying for AMPH shares. At least one analyst set a
price target for AMPH stock at $35.00 per share.
If you own common stock in AMPH and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com
or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/american-physicians-amph.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various matters
nationwide.
Source: Law Office of Abe Shainberg
Contact:
Law Office of Abe Shainberg
Abe Shainberg, Esq., 212-425-7286
Fax:
866-699-3880
Email: as@ashainberglaw.com