Harwood Feffer LLP Announces Investigation of Fuel Systems Solutions, Inc.

NEW YORK, Sept. 1, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Fuel Systems Solutions, Inc. ("Fuel Systems" or the "Company") (NASDAQ: FSYS) concerning the proposed acquisition of the Company by Westport Innovations Inc. ("Westport") (NASDAQ: WPRT).

Under the terms of the offer, Westport would acquire Fuel Systems in a transaction valued at approximately $351 million.  Pursuant to the deal, Fuel Systems stockholders would receive 2.129 Westport shares for each share of Fuel Systems common stock.  The implied value of the exchange to Fuel Systems shareholders is $7.54 per share – an acquisition premium of only 10 percent to the $6.85 per share closing price of Fuel Systems on August 31, 2015.

Our investigation concerns whether the Fuel Systems board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Fuel Systems shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com  
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP