An investigation on behalf of investors of Maxwell Technologies, Inc. (NASDAQ: MXWL) in connection with the proposed takeover was announced and NASDAQ: MXWL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/13/2019 -- An investigation was announced concerning the takeover of Maxwell Technologies, Inc. by Tesla.
Investors who purchased shares of Maxwell Technologies, Inc. (NASDAQ: MXWL) and currently hold any of those NASDAQ: MXWL shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Maxwell Technologies, Inc. breached their fiduciary duties owed to NASDAQ: MXWL investors in connection with the proposed acquisition.
San Diego, CA based Maxwell Technologies, Inc. develops, manufactures, and markets energy storage and power delivery products worldwide. ON February 4, 2019, Maxwell Technologies, Inc. (NASDAQ: MXWL) announced it has entered into an agreement to be acquired by Tesla, Inc. (Nasdaq: TSLA). The Offer will value each share of Maxwell common stock at $4.75 per share.
However, given that at least one analyst has set the high price target for NASDAQ: MXWL shares at $7.00 per share and given that NASDAQ: MXWL shares traded in early 2018 as high as $6.20 per share, the investigation concerns whether the offer is unfair to Maxwell Technologies, Inc. (NASDAQ: MXWL stockholders. More specifically, the investigation concerns whether the Maxwell Technologies, Inc. (NASDAQ: MXWL Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Maxwell Technologies, Inc. reported that its annual Total Revenue rose from $121.24 million in 2016 to $130.36 million in 2017 and that its
On February 12, 2019, NASDAQ: MXWL shares closed at $4.71 per share.
Those who are current investors in Maxwell Technologies, Inc. (NASDAQ: MXWL) shares have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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