FLOW INTERNATIONAL INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Flow International Corporation Over the Proposed Sale of the Company to American Industrial Partners
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 Flow International Corporation (“Flow International” or the “Company”) (NasdaqGS: FLOW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to American Industrial Partners in a cash deal valued at approximately $200 million. Under the terms of the proposed transaction, Flow International’s stockholders will receive $4.05 per share for each share of Flow International common stock they own. According to Yahoo! Finance, at least one analyst has listed a $5.00 price target for Flow International.
The investigation focuses on whether Flow International’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 Flow International’s shareholders.
If you own common stock in Flow International and wish to obtain additional information and protect your investments free of charge, please 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.