Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders of First Investors Financial Services Group, Inc. (FIFS)
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Investors Financial Services Group, Inc. ("FIFS" or the "Company") (OTC: FIFS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to FIFS Holdings Corp., a company controlled by Aquiline Capital Partners LLC, in an all-cash deal valued at approximately $100 million. Under the terms of the proposed transaction, FIFS stockholders will receive $13.87 in cash for each share of FIFS common stock they own.
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The investigation focuses on whether the Company's Board of Directors breached their fiduciary duties to FIFS stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues FIFS shares and by how much this proposed transaction undervalues the Company to the detriment of FIFS 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 victories on behalf of the firm's clients.
If you own common stock in FIFS and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FIFS or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
KEYWORDS: United States North America New York
The article Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders of First Investors Financial Services Group, Inc. (FIFS) originally appeared on Fool.com.
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