Kendall
Law Group, led by former federal Judge Joe Kendall, is investigating
Fuel Systems Solutions, Inc. (Nasdaq: FSYS) and its Board of Directors
on behalf of shareholders in connection with the proposed sale to
Westport (Nasdaq: WPRT). Pursuant to the terms of the agreement,
Westport will acquire all of the outstanding shares of Fuel Systems
common stock in a stock-for-stock transaction. Fuel Systems shareholders
will receive 2.129 Westport shares for each share of Fuel Systems common
stock they own at closing. This agreement only represents a 10% premium
to Fuel Systems shareholders based on the closing prices of Westport’s
and Fuel Systems’ shares on August 31, 2015; an implied value of $7.54
per share for Fuel Systems shareholders.
The Kendall Law Group is investigating to determine whether the
transaction substantially undervalues Fuel Systems because at least one
Wall Street financial analyst believes Fuel Systems has a price target
of $11 per share, and the consensus analyst price target is $9.38.
The national securities firm’s investigation seeks to determine whether
Fuel Systems and its Board breached their fiduciary duties by failing to
fulfill its fiduciary duties, failing to maximize the value of the
Company, failing to disclose all material benefits and costs, and
failing to obtain the best possible consideration for Fuel Systems
shareholders.
If you currently own shares of Fuel Systems and want to know more about
your rights, you are encouraged to contact Jamie McKey at the Kendall
Law Group at 877-744-3728 or by email at jmckey@kendalllawgroup.com
to learn more about your rights as a shareholder. There is no cost or
obligation to you. Kendall Law Group was founded by a former federal
judge, includes a former United States Attorney, prosecutors, and
securities lawyers who are experienced in nationwide complex securities
litigation. The firm has been counsel in numerous merger and acquisition
cases nationwide, including some of the largest transactions in the
United States.
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