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America Service Group, Inc. Shareholder Investigation by Briscoe Law Firm Concerning Acquisition by Valitas Health Services, In

^{Published on 2011-03-04 15:20:17 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of America Service Group, Inc. (aAmerica Service Groupa or aASGRa) (NASDAQ: ASGR) related to the proposed buyout of America Service Group by Valitas Health Services, Inc. The definitive merger agreement, which was announced on March 3, 2011, involves an all-cash transaction valued at approximately $250 million. Under the proposed buyout, America Service Group shareholders will receive $26.00 in cash for each share of America Service Group/ASGR common stock they hold. The transaction is expected to close in the second quarter of 2011.

The investigation relates to the fairness of the proposed transaction to America Service Group shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of America Service Group for approving this transaction, and whether America Service Groupa™s Board of Directors acted in the shareholdersa™ best interests. In addition, the firms seek to determine through their investigation whether America Service Groupa™s Board of Directors obtained the best value for shareholders, adequately considered all viable alternatives, and properly shopped the company before entering into the acquisition agreement with Valitas Health Services.

If you currently own shares of America Service Group/ASGR and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.