Faruqi & Faruqi, LLP Announces Investigation of American Medical Alert Corp. (AMAC)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Medical Alert Corp. (“American Medical” or the “Company”) (NASDAQ: AMAC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Tunstall Healthcare Group Limited, a leading telehealth and telecare provider, in an all-cash deal valued at about $82.3 million. Under the terms of the proposed transaction, American Medical stockholders will receive $8.55 in cash per each share of American Medical they own.
Whether the Board of Directors of American Medical 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 the proposed transaction undervalues the shares of American Medical and by how much this proposed transaction undervalues the Company to the detriment of American Medical shareholders are the key focus of this investigation.
If you own common stock in American Medical and wish to obtain additional information, please visit us at www.faruqilaw.com/AMAC or 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.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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