Viasystems Group, Inc. (NASDAQ:VIAS) Investor Investigation Over Potential Wrongdoing In Proposed Acquisition Announced

If you purchased shares of Viasystems Group, Inc. (NASDAQ:VIAS) and currently hold any of those NASDAQ:VIAS shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Viasystems Group
Affected Securities: 

September 30, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Viasystems Group, Inc. (NASDAQ:VIAS), concerning whether the takeover of Viasystems Group, Inc. by TTM Technologies, Inc is unfair to NASDAQ:VIAS stockholders was announced.

The investigation by a law firm concerns whether certain officers and directors of Viasystems Group, Inc. breached their fiduciary duties owed to NASDAQ:VIAS investors in connection with the proposed acquisition.

On September 22, 2014, TTM Technologies, Inc. (NASDAQ: TTMI) and Viasystems Group, Inc. (NASDAQ: VIAS) announced the execution of an agreement under which TTM Technologies, Inc will acquire all outstanding shares of Viasystems Group, Inc. for a combined consideration of $11.33 in cash and 0.706 shares of TTM Technologies, Inc common stock, which based on the closing market price on September 19, 2014 was valued at $16.46 per Viasystems Group, Inc share, or approximately $368 million. The total enterprise value of the transaction, including the assumption of debt, is approximately $927 million.

However, given that that at least one analyst has set the target price for NASDAQ:VIAS shares at $16.50 per share, the investigation concerns whether the offer is unfair to NASDAQ:VIAS stockholders. More specifically, the investigation concerns whether the Viasystems Group 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.
Viasystems Group, Inc reported that its annual Total Revenue rose from $929.25 million in 2010 to over $1.71 billion in 2013.