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 Viasystems Group Inc.(“Viasystems” or the “Company”) (Nasdaq:VIAS) for potential breaches of fiduciary duties in connection with the sale of the Company to TTM Technologies, Inc. (“TTM”) (NasdaqGS:TTMI) for approximately $927 Million, including the assumption of Viasystems’ debt by TTM. The Company’s stockholders will receive $11.33 in cash and .706 shares of TTM common stock for each share of Viasystems common stock they own, a combined consideration that amounts to $16.46 per share. The deal value is subject to change based on TTM’s stock price.
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The investigation focuses on whether Viasystems’ 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 Viasystems’ shareholders.
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If you own common stock in Viasystems and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/VIAS or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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