Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of American Physicians Capital, Inc.
July 09 2010 - 9:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
American Physicians Capital, Inc. (“APCapital” or the “Company”)
(NASDAQ:ACAP), a medical professional liability insurer, related to
the Company’s agreement to be acquired by The Doctors Company, a
national insurer of physician and surgeon medical liability. The
proposed cash transaction is valued at approximately $386
million.
Under the terms of the definitive agreement entered into by the
parties, The Doctors Company will acquire APCapital for $41.50 per
share in cash. Upon completion of the transaction, APCapital will
become a wholly owned subsidiary of The Doctors Company. The
transaction is expected to close in the fourth quarter of 2010. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by APCapital’s board of directors.
If you own shares of APCapital, 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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