SAN DIEGO, Feb. 4, 2019 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Maxwell Technologies,
Inc. (Nasdaq: MXWL) ("Maxwell") breached their fiduciary
duties in connection with the proposed sale of the Company to
Tesla, Inc. (Nasdaq: TSLA) ("Tesla").
On February 4, 2019, Maxwell
announced that it had signed a definitive merger agreement with
Tesla. Under terms of the deal, each Maxwell share will be
exchanged for a fraction of Tesla shares, which would be valued at
$4.75.
The investigation concerns whether the Maxwell board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Maxwell
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
that one Wall Street analyst has a $7.00 price target on the stock. The 52-week high
for Maxwell was $6.27.
If you are a shareholder of Maxwell and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a
phone number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP
