Faruqi & Faruqi, LLP Announces the Investigation of American Science and Engineering, Inc. (ASEI) Over the Proposed Sale of the Company to OSI Systems
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Science and Engineering, Inc. (“American Science” or the “Company”) (NasdaqGS:ASEI) for potential breaches of fiduciary duties in connection with the sale of the Company to OSI Systems, Inc. for approximately $269 million.
The Company’s stockholders will only receive $37.00 per share in cash for each share of Company common stock they own. However, this consideration is below American Science’s 52-week high of $46.46 per share.
The investigation focuses on whether American Science’s 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 American Science’s shareholders.
Faruqi & Faruqi, LLP is working together in this investigation with Juan E. Monteverde from Monteverde & Associates PC.If you own common stock in American Science and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ASEI or contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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