An investigation for investors in Multi-Fineline Electronix, Inc. (NASDAQ:MFLX), was announced concerning the takeover of Multi-Fineline Electronix, Inc..
On February 4, 2016 Multi-Fineline Electronix, Inc. and Suzhou Dongshan Precision Manufacturing Co., Ltd. announced that they have entered into a merger agreement providing for Dongshan Precision Manufacturing Co., Ltd ‘s acquisition of Multi-Fineline Electronix, Inc.
Irvine, CA based Multi-Fineline Electronix, Inc. is a producer of flexible printed circuits and flexible circuit assemblies.
Investors who purchased shares of Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) and currently hold any of those NASDAQ:MFLX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Multi-Fineline Electronix, Inc. breached their fiduciary duties owed to NASDAQ:MFLX investors in connection with the proposed acquisition.
Under the terms of the agreement, Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) stockholders will receive $23.95 in cash for each share of NASDAQ:MFLEX common stock held at the close of the transaction.
However, given that NASDAQ:MFLX shares traded as recently as November 2015 as high as $24.66 per share in the open market, the investigation concerns whether the offer is unfair to NASDAQ:MFLX stockholders. More specifically, the investigation concerns whether the Multi-Fineline Electronix Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On February 17, 2016, NASDAQ:MFLX shares closed at $21.47 per share.
Those who are current investors in Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com