BALA CYNWYD, PA / ACCESSWIRE / October 17, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Arotech Corporation ("Arotech" or "the Company") (NASDAQ GS:ARTX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Greenbriar Equity Group, L.P. ("Greenbriar"). Under the terms of the agreement, Arotech shareholders will receive only $3.00 for each share of Arotech common stock owned.
The investigation concerns whether the Arotech Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Greenbriar is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many Arotech shareholders. For example, the consideration is well below the stock's 52-week high of $3.66 and consensus analyst price target of $4.50.
If you own shares of Arotech stock and wish to discuss the legal ramifications of the investigation, 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/arotech-corporation-nasdaq-gs-artx/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC