Force Protection, Inc. Merger Litigation (Nasdaq: FRPT)
Law Office of Brodsky & Smith, LLC Announces Investigation of Force Protection, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Force Protection, Inc. (“Force Protection” or the “Company”) (Nasdaq - FRPT- News) relating to the proposed acquisition by General Dynamics.
Under the terms of the transaction, Force Protection shareholders would receive $5.52 in cash for each share Force Protection stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Force Protection for not acting in the Company’s shareholders' best interests in connection with the sale process to General Dynamics. The transaction may undervalue Force Protection as Force Protection stock traded at $6.49 on April 12, 2010 and traded at $5.85 as recently as January 18, 2011. In addition, an analyst has set a price target of $8.00 per share for Force Protection stock.
If you own shares of Force Protection stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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