Andatee China Marine Fuel Services Corporation Recieves Going Private Offer From Its CEO

  • Do you own shares of Andatee China Marine Fuel Services Corporation    (Nasdaq: AMCF)?
  • Did you buy any shares before November 23, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Andatee China Marine Fuel Services Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a going private proposal from its majority shareholder and CEO, An Fengbin, to be acquired for $4.21 per share.

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Rigrodsky & Long, P.A. Investigates Andatee China Marine Fuel Services Corporation's Receipt of Going Private Proposal for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Andatee China Marine Fuel Services Corporation (“Andatee” or the “Company”) (Nasdaq: AMCF) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from its Chief Executive Officer and majority shareholder, An Fengbin (“Fengbin”), to acquire the remainder of the Company he does not already own for $4.21 per share in cash (the “Proposal”).

The Proposal contemplates Fengbin’s launch of a tender offer to acquire of all of the outstanding shares of common stock of Andatee he does not already own for $4.21 per share in cash.  Fengbin already owns approximately 50.5% of the Company’s outstanding common stock.

The investigation concerns whether Andatee’s board of directors is adequately shopping the Company and working to obtain the best price possible for Andatee’s shareholders.  Indeed, according to Yahoo! Finance, at least one analyst has issued a price target for $7.00 per share for Andatee stock.

If you own the common stock of Andatee and purchased your shares before November 23, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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