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The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of American Medical Alert Corp.

^{Published on 2011-09-26 12:32:01 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the acquisition of American Medical Alert Corp. (aAmerican Medicala or aAMACa) (NASDAQ: AMAC) by Tunstall Healthcare Group Limited for American Medical shareholders. Under the proposed buyout, American Medical shareholders will receive only $8.55 in cash for each share of American Medical/AMAC stock owned.

"Based on these and other factors, we are concerned the transaction undervalues the inherent value of American Medical stock and that Tunstall Healthcare may be underpaying the shareholders. Our anticipated lawsuit will seek to obtain the highest share price for all shareholders"

If you are an affected investor, and you want to learn more about the lawsuit or join the action, 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, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $82.3 million. The transaction is expected to be completed by the end of the fourth quarter of 2011.

aWe are investigating the fairness of the proposed transaction to American Medical shareholders, whether the shareholders are being underpaid for their stock, and whether American Medicala™s Board of Directors acted in the shareholdersa™ best interest,a said shareholder rights attorney Willie Briscoe. In particular, although the acquisition price represents a reported premium of 50% over American Medicala™s closing price the day before the acquisition announcement, as recently as September 20, 2011, American Medical shares traded as high as $6.20 per share. aBased on these and other factors, we are concerned the transaction undervalues the inherent value of American Medical stock and that Tunstall Healthcare may be underpaying the shareholders. Our anticipated lawsuit will seek to obtain the highest share price for all shareholders,a said Willie Briscoe.

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

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