NEW YORK, Jan. 14, 2014
/PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi &
Faruqi, LLP, a leading national securities firm headquartered in
New York City, is investigating
the Board of Directors of American Pacific Corporation ("American
Pacific" or the "Company") (NASDAQ: APFC) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to H.I.G. Capital, LLC in a cash deal valued at
approximately $392 million.
Under the terms of the proposed transaction, American Pacific's
stockholders will receive $46.50 for
each share of American Pacific common stock they own. As recently
as three months ago, American Pacific traded at $60 per share.
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www.faruqilaw.com/APFC. There is no cost or obligation to
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The investigation focuses on whether American Pacific's Board of
Directors 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 and
by how much this proposed transaction undervalues the Company to
the detriment of American Pacific's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
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If you own common stock in American Pacific and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/APFC or contact
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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