/PRNewswire/ --
NEW YORK, Feb. 1,
2014 Morgan & Morgan announces that it
is
investigating the Board of Directors of American Pacific
Corporation ("American Pacific" or the "Company") (
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.
If you own shares of American Pacific Corporation and want
more information about the American Pacific Takeover
Investigation please contact George Pressly, Esq. at 1(800)
631-6234 or email George at
AskGeorge@morgansecuritieslaw.com.
Our investigation concerns possible breaches of fiduciary
duty and other violations of law by American Pacific's Board of
Directors for not acting in the best interest of the Company's
shareholders' in connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud,
the firm also practices in the areas of antitrust, personal injury,
consumer protection, overtime, class action
lawsuits and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide
investor and consumer protection and always fight "for the
people."
Attorney advertising. Prior results do not guarantee a
similar outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West
44th Street
Suite
2001
New York, NY
10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan