Law Office of Brodsky & Smith, LLC Announces Investigation of American Medical Alert Corp.
September 23 2011 - 11:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
American Medical Alert Corp. (“American Medical Alert” or the
“Company”) (Nasdaq - AMAC) relating to the proposed acquisition by
Tunstall Healthcare Group Limited (“Tunstall”).
Under the terms of the offer American Medical Alert shareholders
would receive $8.55 in cash for each share American Medical Alert
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of American Medical Alert for not acting in the Company’s
shareholders' best interests in connection with the sale process to
Tunstall. Officers and directors of American Medical Alert, holding
approximately 26% of the outstanding common shares of American
Medical Alert, have already agreed to vote in favor of the
transaction.
If you own shares of American Medical Alert 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
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/332-amac-american-medical-alert-corp.html,
or by calling toll free 877-LEGAL-90.
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