Law Offices of Howard G. Smith LLP Announces Investigation of American Medical Alert Corp
24 September 2011 - 8:54AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
American Medical Alert Corp. (“American Medical” or the “Company”)
(Nasdaq:AMAC) related to the proposed acquisition of the Company by
Tunstall Healthcare Group Limited. The transaction is valued at
approximately $80 million or $8.55 per share.
The investigation concerns whether the Board of Directors of
American Medical breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. It’s
share price has sky rocketed from $5.00 on December 2, 2010 to
$6.15 on January 10 2011.
If you are a shareholder of American Medical, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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