Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of CH Energy Group, Inc. (NYSE: CHG) in connection with their efforts to sell the company to Fortis Inc. (TSX: FTX).  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On February 21, 2012, CH Energy Group announced that it had entered into a definitive merger agreement to be acquired by Fortis in an all-cash transaction.  According to the terms of the deal, CH Energy Group shareholders will receive $65.00 for each share of the company they own.  The transaction is expected to close within the next 12 months.    

Robbins Umeda LLP’s investigation focuses on whether CH Energy Group’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company’s recent positive financial results.   On February 16, 2012, CH Energy Group reported financial results for the fourth quarter of fiscal year 2011 that beat analyst expectations.  The company reported a diluted EPS of $0.94, while analysts polled by Bloomberg had only been expecting EPS of $0.82.  The $0.94 EPS represented a 56.67% increase compared to the $0.60 EPS reported by the company during the same quarter of the previous year.   In addition, at least one market analyst has released a target price for CH Energy Group that values the company’s stock at $69.00 per share, higher than the value being offered by Fortis as a part of the proposed transaction.

Robbins Umeda is also investigating whether self-dealing and other employment guarantees played a part in the decision by CH Energy Group to enter into the agreement with Fortis.  According to the terms of the deal, CH Energy Group will retain substantial autonomy in the surviving corporation.  The company’s management team and headquarters will remain in Poughkeepsie, while as many as three members of CH Energy Group’s current board of directors will be retained by Fortis.

Robbins Umeda attorneys highlight that CH Energy Group shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of ATS Corporation (NYSE AMEX: ATSC) in connection with their efforts to sell the company to Salient Federal Solutions, Inc.  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On February 21, 2012, ATS Corporation announced that it had entered into a definitive merger agreement pursuant to which Salient Federal Solutions will acquire all outstanding shares of the company through a cash tender offer.  According to the terms of the deal, ATS Corporation shareholders will receive $3.20 for each share of the company they own.   The tender offer will commence no later than February 28, 2012.  The transaction is expected to close late in the first quarter or early in the second quarter of 2012. 

Robbins Umeda LLP’s investigation focuses on whether ATS Corporation’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company’s recent performance.  As recently as February 17, 2012, shares of ATS Corporation closed above the price being offered by Salient Federal Solutions.  Furthermore, within in the last year, shares of ATS Corporation have closed as high as $4.75 per share, considerably higher than the price being offered as a part of the proposed transaction. 

Additionally, Robbins Umeda is investigating whether self-dealing and other guarantees played a part in the decision by ATS Corporation to enter into the agreement with Salient Federal Solutions.  According to the terms of the deal, members of ATS Corporation’s board of directors are slated to receive one-time cash bonuses conditioned on the successful consummation of the transaction. 

Robbins Umeda attorneys highlight that ATS Corporation shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Advance America, Cash Advance Centers, Inc. (NYSE: AEA) in connection with their efforts to sell the company to Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA).  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On February 15, 2012, Advance America announced that it had entered into a definitive agreement to be acquired by subsidiaries of Grupo Elektra in an all-cash transaction.  According to the terms of the deal, Advance America shareholders will receive $10.50 for each share of the company they own.   The agreement was unanimously approved by Advance America’s board of directors.  The transaction is expected to close during the first half of calendar year 2012. 

Robbins Umeda LLP’s investigation focuses on whether Advance America’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company’s recent positive performance.   On October 26, 2011, Advance America reported financial results for the third quarter of fiscal year 2011 that beat analyst expectations. In particular, the company reported diluted EPS of $0.24 on revenue of $158.88 million, while analysts polled by Bloomberg had been expecting EPS of only $0.12 on revenue of $145.00 million.   In addition, at least one market analyst has released a target price for Advance America that values the company’s stock at $11.00 per share, higher than the value being offered by Grupo Elektra as a part of the proposed transaction.

Finally, Robbins Umeda is investigating whether self-dealing and other employment guarantees played a part in the decision by Advance America to enter into the agreement with Grupo Elektra.  According to the terms of the deal, Patrick O’Shaughnessy, the President and Chief Executive Officer of Advance America, along with other key members of the company’s senior management team, are expected to continue their roles in the surviving corporation after the merger is completed.    

Robbins Umeda attorneys highlight that Advance America shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of SeraCare Life Sciences, Inc. (NASDAQ: SRLS) in connection with their efforts to sell the company to Linden Capital Partners. Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On February 13, 2012, SeraCare announced that it has entered into a definitive agreement to be acquired by an affiliate of Linden Capital Partners, a Chicago-based private equity firm.  According to the terms of the agreement, SeraCare shareholders will receive $4.00 for each share of the company they own.   The agreement was unanimously approved by SeraCare’s board of directors.  The transaction is expected to close in the second quarter of calendar year 2012. 

Robbins Umeda LLP’s investigation focuses on whether SeraCare’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of SeraCare’s recent first quarter 2012 results.  Significantly, the deal represents only an 11.73% premium, well below an average premium of 72.99% over the past two years for comparable transactions in the “Medical Products” sector.  In addition, on February 10, 2012, the company reported EPS of $0.07 on revenue of $11.37 million while analysts polled by Bloomberg had been expecting EPS of $0.03 on revenue of $11.00 million.  Further, the company’s first quarter 2012 revenue of $11.37 million represented a 9% increase compared with the $10.5 million reported for the same quarter in the prior year.  Moreover, gross margins increased 6% to 44%, compared with 38% for the same quarter in the prior year.  Finally, at least two market analysts have released target prices for SeraCare that value the company’s stock at $5.00 per share, higher than the value being offered by Linden Capital Partners as a part of the proposed transaction.

Robbins Umeda attorneys highlight that SeraCare shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of General Bearing Corporation (OTC: GNRL: PK) in connection with their efforts to sell the company to SKF Group.  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On February 13, 2012, it was announced that General Bearing entered into a definitive merger agreement pursuant to which SKF Group will acquire all outstanding shares of the company’s common stock in an all cash-transaction.  According to the terms of the deal, General Bearing shareholders will receive $28.00 for each share of the company they own.  The transaction is structured as a merger requiring approval of a majority of General Bearing’s shareholders at a special meeting, which is expected to take place on March 19, 2012.

Robbins Umeda LLP’s investigation focuses on whether General Bearing’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders. Significantly, the deal represents only a 16.67% premium, well below an average premium of 35.7% over the past two years for comparable transactions in the “Metal Fabricators” sector.  In addition, on November 8, 2011, General Bearing reported financial results for the third quarter of 2011 that indicated strong financial performance at the company.   General Bearing reported a diluted EPS of $1.10, a figure that represented a 223% increase over EPS reported in the same quarter of 2010.  In addition, Robbins Umeda LLP is investigating whether the price to revenue multiple that SKF Group would be paying is below that of comparable transactions in the company’s sector.

Robbins Umeda attorneys highlight that General Bearing shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Shareholder Information