Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Air Methods Corporation (NASDAQ: AIRM) breached their fiduciary duties in connection with the proposed sale of the Company to affiliates of American Securities LLC. Air Methods provides air medical emergency transport services and systems in the United States.
On March 14, 2017, Air Methods announced it had signed a definitive merger agreement with American Securities. Under the terms of the agreement, Air Methods stockholders will receive $43.00 per share in cash.
The investigation concerns whether the Air Methods board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Air Methods shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration; especially given that the price target for one Wall Street analyst is $50.00.
- Sikorsky presents $28,000 to Patient AirLift Services
- HeliOffshore Southeast Asia group meets in Bangkok to review safety work
- HAI announces W.A. “Dub” Blessing Flight Instructor of the Year Award winner
- Airbus fly image processing system on H225 testbed
- Sikorsky Delivers Black Hawks to the LA County Fire Department
- HAI announces Airbus Golden Hour Award winner
- Airbus open new Le Bourget facility, including rotor blade production line
- Boeing to Modernize Six Netherlands CH-47F Chinooks
- HeliOffshore looks back on 2017’s enhancements of offshore safety
- Bell delivers 20th EMS configured B429
- Airbus Helicopters CEO to move to Commercial Aircraft division
- Arizona National Guard may lose last four Apaches
- Philippine Air Force to Acquire 24 Attack Helicopters
- Wiking Helikopter welcomes second H145 to Jade Weser Airport
- Rostec Signs an Agreement to Promote Helicopters in South-East Asia
- Aurora Demonstrates Fully Autonomous Helicopter
- Airbus promotes carbon content in colour scheme of third H160 prototype
- Falcon Aviation earns IS-BAH Accreditation
- Northland Rescue Helicopter and Fire and Emergency New Zealand Team Up
- South Korea conducts AH-64 missile drills