Shareholder Alert: Ademi & O’Reilly, LLP Investigates whether LMI AEROSPACE, INC. has obtained a Fair Price in its Sale to ...
18 2월 2017 - 12:49AM
Business Wire
Ademi & O’Reilly, LLP is investigating the Board of
Directors of LMIA (Nasdaq: LMIA) for possible breaches of fiduciary
duty and other violations of Missouri law in connection with the
sale of LMIA to Sonaca.
Click here to learn how to join the action:
http://ademilaw.com/case/lmia or call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O’Reilly, LLP alleges LMIA’s long-term financial
outlook is improving and yet LMIA shareholders will receive $14 per
share. Sonaca is well aware of LMIA’s improving financial metrics
and is purchasing LMIA at a substantial discount. The merger
agreement unreasonably limits competing bids for LMIA by (i)
prohibiting solicitation of any further bids, and (ii) imposing a
termination penalty should LMIA receive and accept a superior bid.
LMIA insiders, their affiliates and other major shareholders own
significant voting stock, and will receive millions of dollars as
part of change of control arrangements, and therefore can unduly
influence a sale of LMIA. Our investigation centers on the conduct
of LMIA’s Board of Directors, who have unanimously approved the
transaction, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for LMIA given its current financial condition and
prospects.
If you own common stock in LMIA and wish to obtain additional
information, please contact Guri Ademi either at
gademi@ademilaw.com or toll-free: 866-264-3995, or
http://ademilaw.com/case/lmia.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170217005489/en/
Ademi & O’Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax:
(414) 482-8001www.ademilaw.com
Lmi Aerospace, Inc. (NASDAQ:LMIA)
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Lmi Aerospace, Inc. (NASDAQ:LMIA)
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