NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Pacific Corporation (“American Pacific” or the “Company”) (NASDAQ: APFC) 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.
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The investigation focuses on whether American Pacific’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of American Pacific’s shareholders.
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If you own common stock in American Pacific and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/APFC or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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