INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Sino Gas International Holdings, Inc. Buyout Proposal
SMITHTOWN, NY, April 7, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Sino Gas International Holdings, Inc. (“Sino”) (OTC QB: SGAS) for possible breaches of fiduciary duties and other violations of law in connection with Sino’s agreement to be acquired by Prosperity Gas Holdings Limited (“Prosperity”), in a transaction valued at approximately $74.9 million.
Under the terms of the agreement, public shareholders of Sino will receive $1.30 per share in cash for each share of Sino they own.
The investigation concerns whether Sino’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Sino’s stockholders would be fair and adequate, and whether Sino is acting in its stockholders’ best interests.