Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Fuel Systems Solutions Inc (NASDAQ: FSYS) acted responsibly on behalf of investors’ profitability in the planned $134 million sale to Westport Innovations Inc (NASDAQ: WPRT).
On September 1, 2015, Fuel Systems Solutions Inc (NASDAQ: FSYS) and Westport Innovations Inc (NASDAQ: WPRT) announced that they had entered into a merger agreement. According to the agreement, Fuel Systems shareholders will receive 2.129 Westport shares for each share of NASDAQ: FSYS stock they own, or about $7.26 per share at closing price on September 2, 2015.
Based in New York, NY, and founded in 1958 Fuel Systems Solutions Inc is a worldwide designer, manufacturer, and supplier of alternative fuel components and systems for transportation, industrial, and refueling applications. Through two business divisions, FSS Industrial and FSS Automotive, the Company’s components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines.
The investigation is looking to uncover whether Fuel Systems Solutions Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $11.00 per share.
If you purchased Fuel Systems Solutions Inc (NASDAQ: FSYS) prior to September 1, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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