Faruqi & Faruqi, LLP Announces the Investigation of Jinpan International Limited (JST) Over the Proposed Sale of the Company to FNOF E&M Investment Limited
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jinpan International Limited (“Jinpan” or the “Company”) (NasdaqGS:JST) for potential breaches of fiduciary duties in connection with the sale of the Company to FNOF E&M Investment Limited for approximately $117.68 million in a cash transaction.
The Company’s stockholders will only receive $6.00 for each share of Company common stock they own. However, the offer is below at least one analyst's price target of $8.50 per share.
If you own common stock in Jinpan and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan 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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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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