NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Fuel Systems Solutions, Inc. (“Fuel Systems” or the “Company”) (NasdaqGS:FSYS) for potential breaches of fiduciary duties in connection with the sale of the Company to Westport Innovations Inc. for approximately $134 million in a stock transaction.
The Company’s stockholders will only receive 2.129 Westport shares for each share of Company common stock they own, or about $7.26 per share at closing price on September 2, 2015. However, at least one Wall Street analyst has issued a price target for Fuel Systems stock at $11.00 per share.
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The investigation focuses on whether Fuel Systems’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Fuel Systems’ shareholders.
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If you own common stock in Fuel Systems and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FSYS 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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