A lawsuit was filed by investor in shares of Maxwell Technologies, Inc. (NASDAQ: MXWL) in effort to stop the proposed takeover.
San Diego, CA -- (SBWIRE) -- 03/04/2019 -- The Shareholders Foundation announces that an investor, who currently holds shares of Maxwell Technologies, Inc. (NASDAQ: MXWL), filed a lawsuit against 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 email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: MXWL stockholders by agreeing to sell Maxwell Technologies, Inc too cheaply via an unfair process.
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, the plaintiff claims that the offer is too low and undervalues Maxwell Technologies, Inc. Indeed, at least one analyst has set the high price target for NASDAQ: MXWL shares at $7.00 per share and NASDAQ: MXWL shares traded in early 2018 as high as $6.20 per share. In addition, the plaintiff alleges that the process is also unfair NASDAQ: MXWL stockholders
Those who are current investors in Maxwell Technologies, Inc. (NASDAQ: MXWL) shares have certain options and should contact the Shareholders Foundation.
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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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