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.
- Airbus presents latest innovations at the 2018 ILA Berlin Air Show
- Donaldson IBFs approved for installation on H125
- Canada Certifies Increased Gross Weight for S-92
- Helisota and ASA signs cooperation agreement
- Waypoint Leases H135s to ALT
- New Executive Vice President of PRISM appointed
- HELP to fund new DIFFS at Manchester University Hospitals
- StandardAero Celebrates First Anniversary as GE T700 Authorized MRO Provider
- Japan Coast Guard orders one more H225
- Air Alderney prepares for EC155 scheduled services
- First Bell 505 delivered to Mexico
- EASA certifies Safran Arriel 2H on Avicopter AC312E
- EASA Management Board re-elects Executive Director
- VR-Technologies of Russian Helicopters start tests of VRT300 UAV
- AHS Rebrands as “The Vertical Flight Society”
- Rostec to create VRT500 prototype by the end of 2019
- Safran Ardiden 3C obtains EASA type certification
- Virginia State Police Honour Late Trooper
- Mexico – MH-60R Multi-Mission Helicopters
- Elbit Systems to Showcase a Modular Mission Helicopters Package