Howard G. Smith To Investigate American Pacific Deal

(RTTNews) - Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of American Pacific Corp. (APFC) related to the proposed acquisition of the company by HIG Capital. The transaction is valued at about $381.19 million or $46.50 per share.

The investigation concerns whether the Board of Directors of the company breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into the proposed transaction.

It will also look into whether the company has disclosed all material information to shareholders about the transaction. The company has seen substantial recent growth and its share price has surged from $17.51 on January 11, 2013 to $58.20 on October 4, 2013.