The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Fuel Systems Solutions, Inc. (NasdaqGS: FSYS) (“Fuel
Systems” or the “Company”) relating to the proposed buyout of the
Company by Westport Innovations Inc.
The firm’s investigation seeks to determine, among other things, whether
the Company’s Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the best
price possible for the Company’s shares of common stock.
Under the terms of the transaction, Fuel Systems shareholders are
anticipated to receive 2.129 shares of Westport stock for each share of
Fuel Systems stock they own. The transaction values Fuel Systems at only
approximately $7.54 per share. According to Yahoo! Finance,
at least one Wall Street analyst has issued a price target for Fuel
Systems stock at $11.00 per share.
If you currently own common stock of Fuel Systems and believe that the
proposed buyout price is too low, or you would like to learn more about
the investigation being conducted by Brower Piven, please visit our
website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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