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| Andatee China Marine Fuel Services Corporation |
| Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF) shareholder litigation in connection with alleged unfair takeover offer |
On November 23, 2011, Andatee China Marine Fuel
Services Corporation ("Andatee" or the "Company")
announced that the Company's Chief Executive
Officer and majority shareholder, An Fengbin, has
Services Corporation ("Andatee" or the "Company")
announced that the Company's Chief Executive
Officer and majority shareholder, An Fengbin, has
proposed to acquire the remaining shares of the Company he does not currently own for $4.21 per
share.
The investigation concerns, among other things, whether the consideration to be paid to Andatee
shareholders is unfair, inadequate, and substantially below the fair or inherent value of Andatee. In
particular, at least one analyst set a price target of $7.00 per share of Andatee stock.
share.
The investigation concerns, among other things, whether the consideration to be paid to Andatee
shareholders is unfair, inadequate, and substantially below the fair or inherent value of Andatee. In
particular, at least one analyst set a price target of $7.00 per share of Andatee stock.
