Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Force Protection, Inc. (“Force Protection” or the “Company”) (NASDAQ: FRPT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to General Dynamics Corp. (NYSE: GD) in an all-cash deal valued at about $360 million. Under the terms of the proposed transaction, Force Protection stockholders will receive $5.52 in cash for each share of Force Protection common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $8.00 for Force Protection. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.
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Whether Force Protection’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Force Protection’s shares and by how much this proposed transaction undervalues the Company to the detriment of Force Protection’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Force Protection and wish to obtain additional information, please visit us at www.faruqilaw.com/FRPT or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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