BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Fuel Systems Solutions, Inc.("Fuel Systems” or "the Company") (Nasdaq: FSYS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Westport Innovations Inc. (“Westport”).
Click here to learn more about the investigation http://brodsky-smith.com/977-fsys-fuel-systems-solutions-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Fuel Systems shareholders will receive only 2.129 shares of Westport stock for each share of Fuel Systems stock they own. The transaction values Fuel Systems at only approximately $7.54 per share. The investigation concerns whether the Board of Fuel Systems breached their fiduciary duties to shareholders and whether Westport is underpaying for Fuel Systems. The transaction may undervalue Fuel Systems and will result in a substantial loss for many Fuel Systems shareholders. For example, Fuel Systems stock traded at $10.86 per share as recently as May 6, 2015, and traded at $13.73 per share on February 13, 2014. In addition an analyst has set a price target for Fuel Systems stock at $11.00 per share.
If you own shares of Fuel Systems and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/977-fsys-fuel-systems-solutions-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.